Land Economist Career and Immigration options for Australia

Profile Title: Land Economist Career and Immigration options for Australia

Alternative Title:Property Economist

ANZSCO Code: 224511 | Unit Code: 2245

Skill Level: Level 1 | Work Experience: 1 Years

Assessing Bodies: Vocational Education and Training Assessment Services (VETASSESS)

Skill Occupation List (SOL): MLTSSL

Specialization: Asset Manager (Land and Property)

Profile Description: Provides advice on the administration and use of land and property.

Job Duties:

• providing advice on land and property financing and valuation matters
• researching and advising on the administration and use of land and property
• developing and implementing sales and leasing proposals for commercial land and property
• providing asset management services for the administration and use of land and property
• analysing land and property investments
• managing land and property portfolios and commercial property developments
• calculating values by considering market demand, condition of items, future trends and other factors
• examining property, selecting methods of valuation, and submitting written assessments
• giving evidence in legal proceedings, mediating on valuation matters and providing rental determinations for arbitration purposes

Skill Level Description: In Australia and New Zealand: Most occupations in this unit group have a level of skill commensurate with a Bachelor Degree or higher qualification. At least five years of relevant experience may substitute for the formal qualification. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification (ANZSCO Skill Level 1). Registration or licensing may be required.

Available Visa Options (As on February 2024):

• 186 - Employer Nomination Scheme visa (subclass 186)
• 189 - Skilled Independent (subclass 189) - Points-Tested
• 190 - Skilled Nominated (subclass 190)
• 407 - Training visa (subclass 407)
• 485 - Temporary Graduate (subclass 485) - Graduate Work
• 489 - Skilled Regional (Provisional) visa (subclass 489) - Family sponsored
• 489 - Skilled Regional (Provisional) visa (subclass 489) - State or Territory nominated
• 482 - Temporary Skill Shortage (subclass 482) – Medium Term Stream
• 187 - Regional Sponsor Migration Scheme (subclass 187)
• 494 - Skilled Employer Sponsored Regional (provisional) (subclass 494) - Employer sponsored stream
• 491 - Skilled Work Regional (provisional) visa (subclass 491) State or Territory nominated
• 491 - Skilled Work Regional (provisional) visa (subclass 491) Family Sponsored

Registration or Licensing: may be required

Industries: Land Economists and Valuers are mainly employed in: Rental, Hiring and Real Estate Services; Construction; and Retail Trade

Education Profile: The most common level of educational attainment for Land Economists and Valuers is Bachelor degree (40.0 per cent).

Job Opening: Over the five years to November 2019, the number of job openings for Land Economists and Valuers is expected to be average (between 10,001 and 25,000). Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce).

Age Group: The main age group is 35-44 years (27.6 per cent) and the median age is 44 years (compared to 40 years for all occupations).

Gender: The female share of Land Economists and Valuers is 10.4 per cent and 81.1 per cent of Land Economists and Valuers work full time. Average weekly hours for full time workers are 42.6 (compared to 40.2 for all occupations).

Earning: In August 2014 (latest available data) weekly earnings full-time before tax (and not including employer superannuation) were $1,584 (compared to earnings for all occupations of $1,200).

Employment: Employment for this occupation rose very strongly (in percentage terms) in the past five years and fell slightly in the long-term (ten years). Looking forward, employment for Land Economists and Valuers to November 2020 is expected to grow moderately.