Rising Prices in the Housing Market

The economy has continued to correct itself following relatively low levels of activity for some time now, and experts are predicting that the housing market is on the verge of seeing a considerable upswing. Recent increases in real estate prices are seemingly here to last for the foreseeable future, in fact, prices are likely to increase further. As a result, demand is increasing steadily particularly in Sydney and Melbourne, and other cities will be following suit and potentially booming very soon.

Not surprisingly, investors are looking to pump more money into the housing market to take advantage of the opportunity. Because prices are almost certain to increase, it is an ideal time to buy, particularly for first home buyers that will find it much more difficult to afford the same properties when the market is running hot. These price increases can have negative effects too.

Sydney and Melbourne in particular might already be booming. The auction clearance rates are 90% and 80% respectively, so the wide majority of homes are being sold quite quickly and without too much trouble. In fact, house prices have increased by around 5%-6% in these cities over the past quarter, a fact that has economists worried that these increases will continue to rise at such a rapid rate.

While this is great for investors and other people who are thinking on how to start in real estate industry, it makes affording property much more difficult for the majority of the population. Plus, Australia’s house prices are amongst the highest in the world on average around 20% more expensive than overseas homes. So there are potentially big problems that could come from increased demand and higher prices in the future.

Why is it that Australian house prices are so much more expensive than they are in other countries? Some economists believe it to have to do with lifestyle, more than it has to do with investment. Australian people have aspirations to own property from a young age, despite feelings that more and more people rent until they have a well established career and are possibly starting a family. What this means is that we are more willing to part with large sums of money because owning a home is a lifestyle choice, as much as it is an investment. While an investor would look at the price purely from a financial point-of-view, the average Australian does not necessarily.

We will be closely watching the property market over the next few months; it will be interesting to see whether these huge levels of growth continue for the remainder of the year and into 2014.

A Career in Real Estate - What to Expect

Being on the other side of a sizeable recession, real estate is becoming one of the fastest growing industries in the country. The housing market is beginning to correct itself and with the big five cities attracting people from all over the world, a real estate certificate of registration is your key to a brighter future.

Government Subsidies

The government is subsidising real estate courses to help people kick-start their career. With a distinct need for more players in the market thanks to the recent boom in real estate, you can be sure to find a great career path set out for you to grow and make achievements. The government future fund exists to help growing sectors in the country to help achieve growth and further the education of citizens. With a growing real estate sector currently booming, funding is available for you to gain standard Real Estate Certificate of Registration.

Whilst traineeships are a great way to get a head start in the real estate sector, government accredited certificates are available that can further boost your foray into the real estate sector. By taking advantage of these government funded courses, you will be able to skip the often difficult step of finding the funds to change careers, as well as giving you the opportunity as a student to start your path.

Once accreditation has been given and you have achieved your real estate certificate of registration, you will be able to join one of the many real estate agencies across the country. You can expect to start out with a small portfolio if you choose to work for a real estate agency. By gaining the knowledge and experience on the job, you can look forward to selling and handling bonuses as well as a greater knowledge of the sector as a whole.

Commissions

With many agencies offering on a sales bonus and commission based pay with a base salary, you can expect to grow your net income with the sales that you make. Creating a great portfolio is one of the necessary skills in forwarding your career in real estate, and by choosing the right properties and the right time to sell them being fundamental to your career; you will be able to grow your portfolio based on the types of properties you may specialise in.

So with a great opportunity to work in real estate; starting from finding funding to achieve your accreditation, right through to the many booming estate agencies that you will be working with, this current climate is perfect for any aspiring property salespersons with a keen eye. By choosing to specialise in a specific field you can further your portfolio and grow your career year by year.

The real estate certificate of registration is your path to success and can be the start of something big. So if a big change is needed, why not look into applying for government funding to get you started on that path to becoming a real estate agent and reap the rewards and bonuses that are waiting for you to enjoy.

The Benefits of a Career in Real Estate

With the property market on the upward swing and economists predicting increases level of consumer confidence in Australia, now might be a good time to take the plunge and look at this possibility. Here, we look at some of the possible benefits that come with being a real estate agent, so make sure you give them a read through before you make the decision.

Ever considered a career in the real estate industry?

Rewarding

An important priority in people’s lives is to establish a career that brings them satisfaction, offers opportunities for growth and provides financial security. A career in real estate can actually be very rewarding in that you’re connecting buyers and sellers, and helping people find their dream home.

Another source of satisfaction comes from gaining a sense of achievement. Being a successful real estate agent has many milestones of triumph throughout their career. Selling your first property and managing a client correctly is one moment where the sense of accomplishment is very rewarding. If you are exceptionally successful, you can even start a business of your own down the track.

The State of The Market

As you would well know, the Australian economy has suffered some reduced activity over the past few years. While we weren’t hit nearly as badly as some other Western countries, poor economic performance overseas inevitably affected us, and consumer confidence has been relatively low. The good news is that over the next 12 months, economists are predicting a significant upturn in the economy, particularly the housing and real estate markets. This means that there will be a natural demand in the number of real estate agents, as more people will be keen to invest in the property market.

Government Incentives

Another reason you should consider a real estate career now is the fact that the government offers generous subsidies for students educating themselves in real estate. So much so, that a license can be earned in three days for as little as $190! Such a course would cover the basic knowledge needed for you to start a career in the industry. If you have a busy schedule, certain real estate courses can be completed online too.

Conversing with People

While real estate professionals have specialised knowledge and need to educate themselves to earn a license, client interaction and the ability to connect with people is a very important part of this role. As a real estate agent, you work closely with people and you need to have very good social skills. Another great part of such a position is that you aren’t stuck in an office all week; you’re able to go and meet clients, oversee house inspections and conduct auctions in various locations.

Ultimately, there has never been a better time to begin a career in real estate, so if you’re planning a career change or just starting out, give it some serious thought. There are many real estate agents courses in Sydney to choose from and with government subsidies, they are very reasonable from a financial perspective.

What Is Included in Real Estate Training

The main training course is split up into several categories to give you time to soak up all of the information needed. With a concise training course consisting of various training modules, the standard real estate training course syllabus consists of the following learning modules:

The Law

This module focuses on the law surrounding real estate and how the law impacts on your daily tasks surrounding property management. Delving into moral and ethical requirements as well as the law of the land and how to work with it, you will study the required documentation and applicable recording of transactions, roles of employees, money handling and personnel registration.

Work in Real Estate

In this module, you will confront the issues surrounding potential risks to clients and your agency. You will study how to identify risks and draw up and implement plans and procedures for reducing and managing risks and other associated consumer risks. 

Report and appraise

In this module, the real estate training study focuses on property research, appraisal of price ranges, rental value and final sale prices for the purpose of the property listing.

Property Listing

This module helps training estate agents to establish client requirements for their property, listing property in confirmation of legal and ethical requirements, preparation and execution of the agency agreement and also in recording and acting on instructions

Market Property

In this module, you will study how to develop marketing plans for the property as well as checking marketing materials, the implementation of marketing activities as well as review and reporting on marketing plans down the line.

Preparation for/and conducting auctions

There is a key focus on how to get your auction off the ground and how to plan for every eventuality, as well as planning for after-sale follow-ups and sales procedures.

Negotiation and settlements

This module focuses on qualifying the buyer and for the arrangement of a property inspection for a potential buyer. A key area of study is on maintaining communications with the seller as well as the submission process of offers on properties and preparing the necessary documentation required.

Lease Property

In this module, one of the most important modules which appear later in the schedule, the trainee will learn how to screen tenant enquiries, undertake all the necessary property inspections, obtain and review the tenancy applications as well as record the tenancy agreements. A key point of the module is the study of promoting agencies property management services, as well as establishing client relationships, planning property listing presentations as well as recording and acting on instructions.

Trust Accounts

In the final module of the training program, the trainee will undertake a study of reviewing agency trust accounts for compliance with the trust account executives, how to authorise and verify the trust accounts you are working on as well as managing and controlling these trust accounts for your clients.


With such a comprehensive education for real estate available for you to undertake, you will find that the best training companies will offer you a scope of study beyond that which you need to learn, and offer a complex argument about moral and ethical sales in the real estate environment. With this understanding of the requirements and study plans for the real estate training courses, you will be well on your way to getting a head start in gaining accreditation.

The Need and Benefits of Real Estate Training Courses

The real estate business can be very demanding, but it is also proved extremely rewarding. While it needs lots of hard work, big investments and dedication, it can also be very lucrative for certain people from all walks of life. Making a living in the real estate market demands each individual to comply with the industry standards and requirements. Real estate training courses help potential agents better understand this trade and obtain a real estate agent license in the shortest possible time.

What is included in real estate training courses?

Most real estate training courses are developed in such a way so as to identify to the students the specific requirements of real estate rather than simply studying terms and definitions. These training courses are aimed at rookie agents, experienced brokers, CEOs, house owners, managers, and basically anyone interested in learning more about the industry. 

These training sessions are always kept simple so that everyone can easily understand the subject and its content. Good real estate training courses have to be fully-comprehensive, time-tested, and proven to generate key and relevant knowledge for the participants. You might also get some financial support from the Australian government as well to participate in these courses.

Real estate grants, real estate license, real estate designations, real estate CE courses, real estate listing presentation training courses are a few of the lessons that you might participate in. These courses can help you start out in the real estate industry and also help you to get a license and pass the exam. 

Many of these training courses are online or DVD based, which means that you can study at your own convenience. Lecture based classes are also held on the weekend or after office hours to make sure that you have enough the time to attend them. Besides proper education for real estate, you will also find a few companies that provide real estate training articles and other reading material.

Where to look for the real estate training courses?

There are lots of places that you can find real estate training courses. However, the most popular and easy way to look for these training courses is online. However, not all of those online will be good for you since there are also a number of poor quality training providers in the market. You should look for feedback from the previous participants to understand whether a training institute will serve your needs or not. You might also look for real estate training courses in the local newspaper.

Real Estate Licensing and Certification from a Qualified and Registered Training Organisation

Real estate agents need a lot of specialized knowledge. If you’re thinking about becoming a real estate agent, you’ll need to know how to buy, sell, rent, and manage property. As an agent, you could sell homes to clients, manage properties for a landlord, or work with sellers and tenants. 

To safely manage property, you can’t just know about buying and selling prices and techniques, you also have to be aware of the legal ins and outs to protect yourself from liability.

A real estate license is the minimum requirement for legally working as a real estate agent in Australia. Though you may already have experience as an agents’ representative, you’ll need a license to graduate to the next level and become an agent yourself. Working real estate agents are also required to take Continuing Professional Development or real estate CPD courses in order to maintain their professional knowledge. Higher tier agencies might ask that you take additional courses or acquire other licenses before working for them.

Regional Licensing Rules

Each Australian state and territory requires different levels of licensing to work in real estate. In NSW, the Office of Fair Trading (OFT) requires you to get a license and certificate of registration before beginning work as a real estate agent. To obtain your license, you’ll have to take a course from a registered licensing body. 



 

This course will help you with knowledge about legal and ethical requirements of property management and property sales. You’ll also learn about working in the real estate industry, how to read legal information and minimize risk for yourself and your client. 

The course will help you get the CPP40307- Certificate IV in Property Services, which you’ll need to get your real estate license.

Paying for Classes

The Government Option In some situations, the government will pay for your entire real estate license course. If you are the employee of a real estate agency, you may have access to this reimbursement. If you’re a fairly recent employee (less than three months full time or six months part time), the NSW state government can cover most of the cost of your real estate license course or the enrollment fee (up to $2900). 



 

The Federal Government offers an incentive of up to $4000 dollars to employers who put their employees through training course. If you’ve been employed for more than three months full time or six months part time, you do not qualify for the NSW state government coverage, but the federal government incentive may still be awarded to your employer.

What to Look for in a Course Provider

 

Make sure that the real estate training course provider is a Registered Training Organization (RTO). The Australian Skills Quality Authority (ASQA) regulates real estate license courses to prevent fraud, so be sure that your course provider has their approval. If you plan to use government funding to pay for your course, make sure your RTO has experience working with employers to cover the cost of training. 



 

Courses taught by practicing, licensed real estate agents are best, because they will focus on the knowledge you truly need. Some real estate license courses involve in-person training, while others can be completed online. 

The best courses use a combination of these two teaching techniques, letting you get hands-on experience but allowing you to work by yourself so that it doesn’t take as long to complete. 

Find a course that fits your schedule so that you can be sure to complete it and move forward in your career.