Exploring Careers in Property Development and Management

Careers in property includes everything from building homes to managing office buildings.

If you’re a student or interested in property management, exploring different careers can help you choose the right path for your future.

Quick Links:

• What is a Career in Property?
• Property Career Options 
• Earning Potential
• Why Choose the ICMS Bachelor of Property (Development, Investment and Valuation)? 
• How to Get Started
• Bonus: 2024’s Top Property Billionaires

What is a Career in Property?

A career in this industry includes various jobs like managing, developing, investing in, and valuing real estate.

People in this field work to make buildings better. They make sure buildings follow laws, are financially sound, and operate effectively. This helps increase the value of the buildings.

Property Career Options

Here are some exciting career paths you can explore:

• Development 

Development involves overseeing the construction of new buildings, from planning and design to completion. This could include residential homes, office buildings, or shopping centers. Developers collaborate with architects, builders, and local councils to ensure they complete projects on time and within budget.

• Valuation

Valuers assess the worth of properties for different purposes, such as selling, taxation, or insurance. They consider factors like location, market trends, and property condition.

• Management

Property managers take care of the day-to-day activities of buildings, such as apartment complexes or office spaces. They handle tenant issues, maintenance, and rent collection, ensuring properties run smoothly and efficiently.

• Investment

Real estate investors purchase properties to generate income or profit. This could involve renting out residential homes, buying commercial spaces, or flipping properties by purchasing, renovating, and selling them. Successful investors understand market trends and make strategic decisions.

• Facilities Management

Facilities managers ensure that buildings and their systems, like heating, cooling, and plumbing, work efficiently. They also coordinate regular maintenance and repairs, ensuring buildings are safe and comfortable for occupants.

• Researcher

Real estate researchers study market trends, economic factors, and property performance to provide insights. Their analysis helps investors, developers, and other stakeholders make informed decisions about buying, selling, or developing properties.

• Retail Centre Manager

Retail centre managers oversee the daily operations of shopping centers. They ensure leasing stores, maintaining facilities, and providing shoppers with a positive experience. This role involves coordinating with retailers and service providers to keep the center running efficiently.

• Analyst 

Real estate analysts do research and studies to figure out if investment projects will work. They look at market conditions, money forecasts, and risks to help with investment choices.

Earning potential

A career in property can offer significant financial rewards, depending on the specific role and experience level.

For example, in busy markets real estate agents can make a lot of money from commissions.

Property managers and analysts typically earn stable salaries, usually ranging from $50,000 to $100,000 per year.

Developers, on the other hand, can earn even more, especially upon successful completion of significant projects.

In general, working in real estate could lead to a well-paying career for devoted and talented professionals.

Why Choose the ICMS Bachelor of Property (Development, Investment, and Valuation)?

If you’re serious about a career, the ICMS Bachelor of Property (Development, Investment, and Valuation) is an excellent choice.

Here’s why:

• Industry-Relevant Curriculum 

This degree offers a comprehensive curriculum that covers essential aspects of management, development, investment, and valuation.

The coursework provides practical knowledge and skills directly applicable in the industry.

ICMS has good connections with different industries and often brings in guest speakers from various sectors to talk to students about their experiences and insights.

Events like the “Wealth Generation and Building Careers in Property and Banking Masterclass” give students tips on making money and building careers from experts in the field.

• Internship Opportunities 

ICMS understands the importance of gaining practical experience.

One of the standout features of the degree is the built-in internships through the Work Integrated Learning (WIL) program.

This initiative ensures that students gain real-world experience by working with industry partners while studying.

ICMS has strong relationships with top companies, giving students access to valuable internship opportunities.

The college works with more than 1000 industry leaders, such as Walt Disney World Resort, Northern Beaches Council, and Cushman & Wakefield.

• Networking Opportunities 

Studying at ICMS offers many chances to meet industry professionals.

The college partners with over 1000 industry leaders, including major companies like Walt Disney World Resort, Northern Beaches Council, and Cushman & Wakefield.

Alceon-Sponsored Undergraduate Scholarship

Alceon, an investment company in Sydney, offers a scholarship for domestic students studying property as part of the ICMS Professional Scholarships program. This scholarship is for students pursuing a Bachelor of Property (Development, Investment, and Valuation).

It provides financial help and development opportunities, helping shape future leaders in the property sector. The program gives students financial support, industry connections, and real-world experience to boost their careers.

How to Get Started

Picking the right educational path is important for success in the real estate field.

By joining the ICMS Bachelor of Property program, you’re moving towards a rewarding career.

Want to start your career in property?

To learn more about the ICMS Bachelor of Property (Development, Investment and Valuation), click here.

Bonus: Have a look at the Top Property Billionaires from the 2024 AFR Rich List

Here’s a detailed look at some of Australia’s top property billionaires from the 2024 AFR Rich List, focusing on their property interests:

Harry Triguboff is the person behind Meriton. He’s big in making homes and is worth $26.49 billion, ranking him as Australia’s second richest. His buildings are well-known in Australia’s real estate scene.

Gina Rinehart is famous for her iron ore business, but she also owns a lot of property in Australia. Her real estate investments go along with her mining projects, helping her become the wealthiest Australian.

Mike Cannon-Brookes, a co-founder of Atlassian, has put a lot of money into real estate, collecting many private homes and properties. He owns one of the biggest sets of properties among tech billionaires in Australia.

These individuals highlight the significant role property investment plays in the wealth of Australia’s richest people.

What are you waiting for? Get started on your career in property today.