As with the popularity of any college degree, as the market shows a rising demand in specific products and services, more students begin to focus on majors that may give them the edge in such prevalent industries.
The same could be said for the recent real estate market boom across Australia which continues to display strong growth. That growth has led to new real estate degree programs being offered by top Australian colleges and universities.
It’s remarkable to think just how much the market has transformed in recent years. For example, take into consideration Elwood, a once struggling Mebourne community, that seen a real estate boom in recent years. In fact, in 1998 median home prices there were just $373K but this year, has grown to a staggering $1.6+ million!
But Elwood is just one example of a growing trend. Even in what most Australians would consider a weak economy, the housing market remains vibrant. Just look at Vienna, the capital, where the residential property prices rose by 3.4%. Or look at the rest of Australia, where in the third quarter the real estate market saw a 1.8% rise.
But more than sold signs, what this also brings is real estate firms, agents and appraisers looking to hire equipped associates to their agencies. It’s also why we see a number of Australian colleges and universities offer degrees in fields such as “property and real estate” to tap into the market of students looking to have a leg up on such positions.
What are the most common types of property and real estate degrees?
Although there are a number of degrees from college that could benefits somebody considering a career path in real estate, certain colleges offer specific real estate degrees. One of the most well-known is a Bachelor of Property and Real Estate.
A Property and Real Estate degree is a type of bachelor degree that teaches students about areas that could be beneficial in a real estate profession. These include the understanding of property expansion, how to access property, and a basic understanding of financial property management.
This particular courses also instill into students basic fundamentals regarding property development, how business law plays a role in the value and analysis of properties, and both accounting principles and economical primacies. Additional classes also go into the managing of finances, along global financial or sustainability in the real estate market.
What other knowledge and experiences would such a degree offer candidates looking for real estate positions?
Along with classroom studies, students are given real life experience during their time pursuing such degrees. This off-campus experience focuses on current issues that the industry is dealing with and other applicable matters.
In the end, what many students looking to take advantage of the prosperous real estate market find is that *a bachelor degree from an Australian college* in fields of study such as this can be helpful.
What are your unique opinions about the current real estate trend and how a college education may benefit those looking for a career path in such an industry?