Property has become New Zealand's largest non-export industry, a $83 billion business. A report commissioned by the Property Council found that property directly contributed $29.8b to the economy – about 13 per cent of gross domestic product, more than manufacturing, agriculture or health. And every dollar the property industry generated made $1.80, in a range of indirect industries or spending by property-related employees.
Property was the fourth biggest employer, supporting 160,800 jobs – 99,000 of which were sub-contractors, tradies and residential builders. That meant roughly one in 12 people were working directly or indirectly in the property sector, about 8 percent of all jobs.
Property was also New Zealanders' favourite investment, attracting more than triple the amount of money put into shares or bonds on the New Zealand stock market.*
*Source: Stuff Business
What does the future hold?
Driven by low interest rates and the large number of New Zealanders returning from overseas, the housing market is booming. In the first week of May 2020, 23% of all realestate.co.nz’s traffic was from offshore. The hot markets were Australia, the United States and the United Kingdom – countries where we have a large expat community.**
However, ANZ economists have said they expect the downturn in commercial property sales and rentals will be high, with greater impacts than on the residential market. Some people are speculating that office buildings in the main centres could be one answer to the housing shortage in New Zealand.
Whatever the future brings, we can be sure that creative and proactive property professionals will still be in high demand. We all need somewhere to live and work, after all.
What skills and attributes can I gain from my Bachelor of Property (BProp) degree?
Studying Property helps you develop a range of skills with wide applicability, including:
- Practical, real-world experience of property markets
- Written and oral communication skills
- Relationship building skills
- Data, research and information analysis skills
- Knowledge of finance and investment
- Knowledge of development and building surveying
- Knowledge of marketing techniques
- Strong sense of professional standards and ethics
- Good time management and organisational skills
- Problem-solving ability
- Computer skills
Property career options
Career opportunities include:
- Property consultant
- Property developer
- Property and operations assistant
- Property finance analyst
- Property investor
- Property manager
- Property marketing specialist
- Property portfolios manager
- Property staging assistant
- Commercial and industrial property manager
- Digital marketing manager
- Facilities manager
- Leasing manager
- Mortgage broker
- Project manager
- Real estate agent
- Renovation consultant
- Sales consultant
- Sales and marketing executive
Where do Property graduates work?
Property professionals can find employment in a wide range of organisations including construction companies, consultancies, real estate agencies, property valuation companies, housing organisations, infrastructure providers and government.
Graduates work in a diverse range of organisations including Auckland International Airport, Bayleys Property Services, Beca Ltd, Capella, CBRE, Colliers International, Dilworth Trust Board, Equinox Capital, Farmers Trading Company, JLL, Oyster Property Group, PwC, SkyCity and Tauranga Crossing Ltd.
University of Auckland clubs and societies for Property students
ALES (Property Student Association)
ALES promotes interaction and networking between Property students, academic staff and property professionals. A number of events are held throughout the year including speed networking evenings, mentoring programmes, property case competitions, women in property events, and the annual property end-of-year function. Learn more
Professional associations for Property students and graduates
Depending on your area of interest, you could choose to join one or more of the following organisations:
- Property Institute of New Zealand (PINZ)
PINZ offers a range of benefits, products, and services to members, including regular research, publications, networking, online resources, and continuing professional development.
- Property Council New Zealand
A commercial property industry advocate.
- Real Estate Institute of New Zealand (REINZ)
REINZ represents more than 14,000 real estate professionals nationwide. The Institute specialises in all facets of real estate including residential sales, rural, auctioneers, business brokers, commercial and industrial sales and leasing and residential property managers
Social media networks such as LinkedIn, Facebook and Twitter can also help you to keep up-to-date with industry knowledge, events and job vacancies.
Careers New Zealand
The Careers New Zealand website provides useful salary information for a range of business and industry roles, as well as information on the difference a qualification makes to what you are paid, and advice on negotiating your salary. You can also search for salary information by job.Learn moretions
Careers New Zealand
Occupation outlook is a great tool for exploring study and career options, with extensive information on labour supply and demand in over 100 occupations in New Zealand.
Prospects is a UK-based organisation that provides graduate career information.