Why Education is Important for the Economic Growth of Australia

Australia is the twelfth largest economy in the world among developed countries, according to the rate of GDP growth. Because of high living standard, low unemployment rate, high labour costs, huge natural resources and relatively low levels of corruption, Australia is a popular destination for skilled workers, international students and tourists from all over the world.  

10 years ago, the largest number of immigrants came from England and New Zealand, however in recent years things have changed and there are a greater number of immigrants from China and India. Is the growing number of immigrants a good thing? Obviously, with more skilled workers available, productivity increases which is good for everyone in the long run. 

However there are also some potential dangers associated with increased immigration.

People that immigrate to the country as a skilled worker may not be able to find a job in the field in which they are skilled. There is evidence to suggest that some companies do not recognise international qualifications and would much prefer someone that is educated locally.  

Immigrants that are unable to get a job in their chosen field can find a position in a low skilled, low paid industry, educate themselves further in Australia and/or get help from the government, which puts more pressure on the economy and worsens the situation rather than improving it. Yet in terms of getting educated, Australia offers excellent opportunities. Many immigrants choose to educate themselves further in Australia as it is world-renowned for the quality of education that is provided.

Unfortunately Australia is far behind for funding of research and development. According to a Wikipedia report Australia ranked 15th in the world for research and development funding. They are even behind from developing country such as India (ranked 8th) and Brazil (ranked 11th). The only way to mature an economy is innovating new technology rather than increasing the volume of goods production. In the last century almost all the major innovation happened in USA who are the maximum spender in research and development field. 

No wonder that USA is the number one economy in the world in respect to GDP growth. So the time has come for the policy maker to rethink about this issue deeply.

However there are good news also. A significant amount of money is put into vocational education and training including TAFE and short courses in cooking, IT and real estate. The reason behind this is mainly the skill shortages in these industries. The Australian government has done a great job by funding these areas to create a skilled younger population that can fill this need. Because of the constant growth of tourism and the real estate industry, it is speculated that more jobs will be created in this sectors in near future.

There are many opportunities afforded to young Australians as the economy requires different skilled to fill the holes. The real estate and property industry is one such industry and more and more training courses are opening up to accommodate for this need. Find more information about quality real estate courses in Sydney by visiting REET.

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The Obvious Reasons To Hire A Professional Real Estate Agent

For various reasons, it is generally advisable to go through an agent if you’re selling a property. While the economy is picking up and the demand for property is rising constantly, it arguably still a buyer’s market and any leg up you can have over your competition is valuable. A professional real estate agent can give your property the exposure it needs and knows all the tricks get the house sold for a higher price. The statistics show that getting an agent is cost effective given the money, time and energy you’d otherwise spend on selling the house. Other reasons to go with a real estate agent include:

• Chances are your real estate agent has a lot more experience and knowledge than you about how best to sell a property.
• Your real estate agent will have the contacts that can provide services that will help get your home sold.
• Your real estate agent will handle the paperwork. This task alone could take you tens of hours if you choose to go at it alone.
• A real estate agent can help you ideas on what to expect in terms of selling price with respect to market conditions, the neighbourhood you’re in, etc.

Despite the many advantages that come with hiring a professional real estate agent, there are certainly some agents in the market that use undesirable tactics and possibly take advantage of their clients for their own gain. Obviously these are the one you want to be avoiding.
It’s definitely worth doing some homework when it comes to find a real estate agent, follow these tips and you’ll have the best chance of getting an agent you can trust. It’s just not worth taking chances!

Do some research online about a particular agent and if you’re impressed with their online reputation, contact them and make an appointment for a chat. It’s then about sussing them out and getting a feel for how they operate and how successful they are.While reading the profile of a particular candidate check if they have a sound educational background as well.This is important because  having a relevant degree means the candidate have in depth knowledge about the subject. There are a lot of reputed education institutes exists who provide real estate and property management training courses. If your prospective candidate have a degree from any of these reputated institutes, shortlist them.

• Ask how many properties they’ve sold in the past year and how long they’ve been in the industry. You  obviously want someone with good experience.
• Find out as much as you can about their marketing strategy. In the initial consultation they’re not likely to give too much away but they should provide you with a general idea. Nowadays it’s all about the online marketing, with around 95% of buyers finding their home on the net.
• If you ask how much your property is worth, or how much the prospective agent would expect to sell the property for, you won’t always get an honest answer. Some agents will tell you anything to get your business, while honest ones that tell you the truth might not be as appealing because they aren’t claiming they’ll fetch as high a price. Be wary of this and realise that the good, honest real estate agents are your best bet in the long run. After all, it’s in their best interests to sell the property for the highest price they can and quoting you a price that is un-achievable is only going to set you up for disappointment.
• Ask for testimonials. If they’ve been in the industry for a reasonable amount of time they should have a bunch online, but you can’t always trust what you read on the internet. Seeing a real testimonial or even contacting someone that has worked with the agent in the past will give you further insight.

Following these tips will give you every chance of choosing the right real estate agent. Be careful and don’t rush your decision because hiring someone that is untrustworthy can be more trouble than it’s worth.

Real Estate Certificate of Registration Course for New Agents

If you are a real estate agent working in the field for a while then you must be aware of the fact that how important it is to have certification in this field. Not only it will increase your knowledge but it also helps you to grow your career.

In this age of immense competition, companies are looking for skilled people who have proper training and specialization in a particular field. For real estate industry it is also true. This sector is rising slowly and there is a huge demand of real estate agents. If you have no knowledge in real estate business and wish to work in this field then it’s a good idea to get fundamental real estate training courses first.

Before enrolling into any course do some research on education service provider. First make a list of institutes that provide the necessary training, courses and certificates. Read their curriculum thoroughly. Make sure that you have enough interest on those subjects. Secondly look the profile of the instructors carefully.

It’s extremely important that you get the knowledge from people who have real time experience in this field. Third, try to get some feedback from those people who have done training from your chosen institute before. If possible then talk with them. Ask them about the courses effectiveness. After done all this research you will get a shortlist of institute of your interest. Now it’s time to choose the right institute.

The single most important thing to consider before you choose a training institute should be: how they assist you after you get certification? 

The sign of a good training institute is, they will never let you go after you have done the training. They will help you find a relevant job or introduce you with the industry people so that it become easy for you to get a job. After all the main purpose of getting trained in real estate or any subject is to get a good job or clients, right? A professional training institute will take good care of that as well. So before signing a final agreement make sure you get that after training assistance as well.

After selecting the training institute the question arise which course will you enrol? Well, if you are a newcomer and want to practice as a real estate agent you can do the real estate certificate of registration. This course was formerly known as Course in Property Practice. This is a three day certification course which will prepare you to work in the real estate business. To find out more visit the corresponding institute website. Keep in mind that an education provider must have a good website where you will get plenty of useful information.This is another indication of a good training institute.

How Has the Mining Industry Affected Australia’s Real Estate Industry?

Looking at the Australian property market we could classify it into two eras;
before and after the Second World War.

Up until the beginning of WW2, Australia’s economic growth was heavily dependent on agriculture, which however experienced great financial hardship during the Great Depression between 1920 and 1930. Many agricultural businesses started to struggle when investment from overseas fell behind economic problems offshore.

War Cost and Financial Depression

The Australian property market was heavily dependent on foreign investment in the early 20th century. This became troublesome for the economy because there was a significant difference in the expected profit and the actual profit with respect to the investment. The overall situation got worse when the war started as the government needed to invest most of its capital to the war effort, rather than using money to correct national financial problems. These wartime measures provided the basis for rapid economic growth in the period after 1945.

Post War Reconstruction 

After the end of Second World War in 1945 the entire phase of the economy started to change. One of the main effects of the war was to start the 'migration revolution' of post-war Australia. Migrants from traditional sources were not available in large enough numbers so Australia started accepting refugees and displaced persons from the northern and eastern European countries. This added an extra boost in the population and thus the economy.

Australian Government had largely funded the war effort from domestic sources. Post-war economic re-construction was also aided by a decisive policy of national development pursued by the Australian Labor Party. Developing new markets for consumer products, high employment rate, increasing foreign investment and growth of mining industry soon made Australia one of the most developed countries in the world. Given the need for more skilled workers, Australia’s immigration policy was quite liberal during this period and the number of immigrants coming in has increased ever since.

The Boom In Mining Industry

Today, things are once again starting to pick up after a period of rather sluggish economic activity. Australia’s mining sector has been hailed as a saviour to the economy, protecting it from the effects of the severe economic downturns experienced in the USA, Europe and other countries during and after the global financial crisis of 2007-08. The mining sector currently contributes around 8.5% to Australia’s GDP (total output), and employs around 2% of the workforce (about 220,000 people). The biggest impact the mining sector has is on exports - in recent years it has made up over 50% of Australia’s total export earnings.

State governments are financing education and getting behind the trades sector in an effort to encourage the training of skilled workers, which means that there is a great demand for human resources. 

Mining Vs Real Estate 

The real estate sector also has a bright future because of Australia mining industry. It is estimated that 20% of economic growth in recent times has come from the mining industry. So more and more people are spreading to mining industry and this is creating more job. Hence the demand of establishing residential home is also increasing. The Western Australian government is sponsoring foreign immigrants to settle in Perth and surrounding regions to help cater for this. But the economists also have predicted that the real estate may take over the mining industry in Australia in the upcoming years.

Further, the price of real estate has almost doubled in Western Australia because of this mining boom. It can be easily said that real estate business will become one of the major players in the economic growth in some places of Australia. So the need of skilled real estate agents will also rise in those regions. It is a good time for young people who want to build their career in real estate industry to train themselves. Many educational institute like REET offers real estate agents license qualification. Today’s competitive world the value of education in any sector is priceless and we all know that.

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Red Hot Real Estate Industry is Good News for Your Career

In terms of GDP growth, Australia has one of the largest economies in the world. According to a report by the World Bank, Australia’s GDP was 37828.25 US dollars in 2014 per capita. In actual fact, the per-capita GDP is higher than a number of economic powerhouses including Germany, the UK and France. A report from 2014-2015 indicated that Australia ranks 9th in per-capita income.

Because of low unemployment rates, high labour costs, low interest rates and strong social security, Australian people have the wealth and flexibility from their banks to buy property relatively easily. A report recently published by the Real Estate Institute of Australia (REIA) suggests that housing affordability has improved slightly in 2014.The proportion of income required to meet loan repayments has decreased 0.2 percentage points to 30.6% over the quarter according to that report. This scenario is true for New South Wales, Australian Capital Territory and Northern Territory as well.

The President of the REIA Mr Peter Bushboy said that "The ACT remained the most affordable state or territory in which to buy a home with the proportion of income required to meet loan repayments sitting at 19.8% while New South Wales remained the least affordable state or territory in which to buy a home with the proportion of income required to meet loan repayments 4.0 percentage points above the national average”. However he mentioned that compared to a year ago, housing affordability is continually improving in all states and territories. In conclusion he said that "With budget forecasts of moderate growth and inflation well within the RBA’s target zone, interest rates should remain low for some time and that is good news for home owners and prospective buyers".

Australia is a famous destination for skilled workers all over the world. So there is no doubt that real estate business will continue to grow as the economy improves. This is encouraging news for young people who want to build a career in the real estate business. The value of education for real estate will play a major role in helping people get jobs in the field.

Many reputed educational institutes provide courses and its good do some research before jumping in. A career in real estate can be very rewarding and lucrative, but like with all things it can take a bit of hard work to get there! Real estate agent courses help to prepare you for your professional career and simulate real like situations you’re likely to face with clients, managers, etc.

Speak to the team at REET for more information and get yourself trained now!


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How the Boom in Real Estate Is Blooming Careers For Young Agents

The unprecedented recent growth in the housing market has not only been fueling the increment in the house prices, but also in the increment of opportunities for young real estate agents around the country. With the right qualifications and access to one of the country’s leading real estate agencies, many young agents are leading the way when it comes to property management. This career option that is growing in respectability has taken many young agents to national recognition, so how has this boom come about and how can you get to be a part of it, too?

The average house price increase that we have seen of late is driving this boom in the numbers of real estate agents in signing up to get their accreditation.

In the capital alone, house prices saw a 9.3% increase in the average price tag last year which compared to the 2012 figure of 2.1% you can see how quickly this boom is travelling.

Help funding your real estate training course

Thanks to the boom in the housing industry, the government in many states have offers help with funding real estate training courses for those who wish to follow this booming career choice. These funds were a great success and have been helping young students pass their accreditation year on year. The sector has significantly improved over the past year to bring with it countless opportunities for young people to start their career.

Real estate agent courses are available across all states to bring you accreditation for the career path you wish to follow. These courses are varied and allow students to start a career in real estate with the many different aspects that industry has to offer. If exceptional customer service, an eye for detail, and a head for business is what defines your working life then this is definitely the job for you.

There will be intense competition within this sector, so being able to understand the market, make shrewd decisions as well as being able to sell a property, then you may well be faced with the career of your dreams. With a booming house market and a boom in the number of jobs available in this sector, you are sure to find the ideal position in the various roles available to you.

An eye for detail, a head for business

There are many different roles in the real estate industry, including estate agent, salesperson as well as property manager and auctioneer. These differing roles require different abilities, but also require the overall sense of customer service and a head for business. There are also opportunities in the industry for corporate stock purchasers, valuation expert as well as support staff roles you may take before embarking on your real estate training course.

If the property industry is for you, then why not take advantage of one of the great real estate training courses available to you. In no time at all you can be learning the tricks of the trade and be in your real estate role in no time at all. With so many different positions available for you to choose from within the industry, take your time and pick the best role that suits you and you could be enjoying working the way you love.

Learn the Requirements of How to Start In Real Estate in Your Area

Whilst business is currently booming in the real estate sector, now would be the ideal time to learn how to get ahead of the curve when it comes to starting your own real estate business. If you think you have what it takes to buy and sell properties, then with a few simple steps you can soon acquire your license in no time at all.

With hard work and preparation you can succeed to create your own profitable business, so knowing the initial requirements to get yourself fully licenced is where you need to start. You will first need to find a real estate licensing course to gain the Certificate IV in Property Services which is the qualification as prescribed by the BLA (Business Learning Academy) a division of Consumer Affairs in the state of Victoria and is needed as the educational qualifier to apply for a real estate license in the state of Victoria.

In addition to this qualification requirement, the Business Learning Academy also requires you to provide evidence of 12 months’ experience in working with an officially registered agents’ representative. This work experience is not only necessary to achieve the qualification you desire, but will also help give you priceless knowledge of the job inside and out when working as a representative.

A real estate license course compromises of up to 24 units of learning in total and encompasses a huge range of topics from business practises to ethics and customer relationships. The first week will comprise of the Agents Representative Course. This initial course will be available to complete either prior to or even at the very beginning of the licensing course.

The majority of licensing courses that are available offer you a chance to learn at a comfortable pace for you, including time frames and course study dates. With each unit scheduled to be taken place every six to eight weeks, you can in fact choose how long you want to take the licensing course, up to a maximum of 12 months. This is of great benefit to those who are elsewhere employed.

The fees and prices associated with taking the real estate agents licensing course may depend on which state and which education institution you choose. Whilst prices may vary state to state, in general the average fee is $6 - $8k. Help with fees may be available, due to real estate being one of the sectors in which the government is looking to invest in.

When wondering how to start in real estate you should also consider becoming a member of a real estate association will further help your business start-up and may improve your prospects for growth. As client relationships and face time with customer’s plays a huge role in your business, potential partners are always a welcome addition.

Once you have completed your training and have acquired the necessary licensing to start your own real estate agency, put that effort back into the business and prepare for the hard work to start. Many small real estate business owners see rapid growth in this current climate of high property turnover, so invest back into your business and you will be on your way to further success.