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Property developer

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Summary of occupation

Property developers research land and property opportunities and evaluate the feasibility of a project. They work out the best use for the land or property. They then plan the property development, including the schedule and costs. They may need to work with architects, builders, and local councils. As the development progresses they will visit construction sites and direct various activities.

ANZSCO description: Property developers organise and plan for the  acquisition, development and subsequent sale of new and existing  properties .
Alternative names: Land Economist, Real Estate Developers
Job prospects: Average
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Knowledge, skills and attributes

A property developer needs:

  • good leadership skills
  • to be able to work without supervision
  • to enjoy problem solving
  • good communication and negotiation skills
  • an aptitude for mathematics
  • thorough research, judgement and analytical skills
  • neat appearance.
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Working conditions

Property developers work in an office and also outdoors on building sites. They may be required to do a lot of travelling between locations.

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Salary details

On average, property developers, classified under construction managers, can expect to earn between $1 500 and $1 999 per week ($78 000 and $103 999 per year) depending on the organisation they work for, and their level of experience.

Most property developers work for large organisations because of the high 'up front' costs involved. However, property developers who are self-employed can earn considerably more. Earnings will depend on the level of demand for their services, as well as their level of skill and experience.

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Tools and technologies

Property developers may need to be adept in using various software for project control or to keep in contact with other people on the project.

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Education and training/entrance requirements

You can work as a property developer without any formal qualifications and get training on the job. However, entry into this occupation may be improved by obtaining a formal qualification and experience related to the building industry.

You can also complete a degree with a major in property development and valuation.

Curtin University offers a three year Bachelor of Commerce (Property Development and Valuation). This is the only undergraduate degree specialising in property development available in Western Australia.

You may also improve your prospects in the industry if you have completed a formal qualification in commerce or a related area.

Most universities in Western Australia offer relevant undergraduate courses. Contact the universities you are interested in for more information.

Related courses

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Apprenticeships and traineeships

As an apprentice or trainee, you enter into a formal training contract with an employer. You spend most of your time working and learning practical skills on the job and you spend some time undertaking structured training with a registered training provider of your choice. They will assess your skills and when you are competent in all areas, you will be awarded a nationally recognised qualification.

If you are still at school you can access an apprenticeship through your school. You generally start your school based apprenticeship by attending school three days a week, spending one day at a registered training organisation and one day at work. Talk to your school's VET Co-ordinator to start your training now through VET in Schools. If you get a full-time apprenticeship you can apply to leave school before reaching the school leaving age.

If you are no longer at school you can apply for an apprenticeship or traineeship and get paid while you learn and work.

Related apprenticeships

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Recognition of prior learning

If you think you already have some of the skills or competencies, obtained either through non-formal or informal learning, you may be able to gain credit through recognition of prior learning.

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