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Rental, Hiring and Real Estate

Rental, Hiring and Real Estate is made up of property developers, real estate agents, plant hire, household equipment and furniture leasing, vehicle and transport hire and video hire.

The sector includes 286,317 businesses and employs 187,621 people.

Rental, Hiring and Real Estate is a small employing industry. There was strong employment growth over the past five years, although growth was more subdued over the last year.

Most services in the sector can be disintermediated by technology.

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Sector Facts & Figures

The Real Estate industry was an early adopter of digital technology, quick to adopt websites, mobile devices, digital cameras and property and rental management systems.

VR allows virtual property tours for buyers for existing property and for property still at the design stage.

AI, digital identity and blockchain will enable customers to manage many services themselves, without the need for brokerage and agency. Blockchain based smart contracts will streamline property transactions, by eliminating the need for 3rd parties in the sales process.

Video hire has already been disintermediated by technology.

Any “middleperson” service can be replaced eg real estate agency and will be.

Fairfax and News Ltd currently protect the real estate industry because of their investment in Realestate.com and domain.com. Real estate agents supply content for the sites.

Employment:    286,317

Organisations:    187,621

  • Employing:

    56%

  • Non-employing:

    44%

Remuneration

  • Avg Salary:

    $56,973

Categories

  • Property Operators

    Activities: Apartment, Flat, House, Caravan park leasing, Agricultural land, Factory, Commercial property leasing
    • Technology
      BIM, IoT, Digital ID
    • Other issues
      Digital ID

    Drones


    Annandale a dairy farm in Tasmania by drone DJI phantom 4 pro

    Artificial Intelligence (AI)


    Hovermap Building mapping and façade inspection

    Augmented & Virtual Reality


    Using Virtual Reality to Buy Multimillion Dollar Real Estate

  • Real Estate Agents

    Activities: Real estate sales and rental agency, Valuing service
    • Technology
      VR, IoT, AI, Blockchain
    • Other issues
      Disintermediation, Real Estate.com and Domain.com protect agents

    Drones


    Annandale a dairy farm in Tasmania by drone DJI phantom 4 pro

    Augmented & Virtual Reality


    Using Virtual Reality to Buy Multimillion Dollar Real Estate

  • Motor Vehicle and Transport Hire

    Activities: Aeroplane, Boat, Bus, Caravan, Railway, Ship, Truck rental, Car rental
    • Technology
      AI, Facial recognition, Digital ID, Blockchain, IoT
    • Other issues
      Facial recognition, Digital ID, EV

  • Other Goods & Equipment Hire

    Activities: Art work, Camping equipment, Costume, Furniture, Suit hire, Construction, Agricultural, Mining machinery, Scaffolding rental
    • Technology
      IoT, Digital ID
    • Other issues
      Digital ID

  • Video Hire

    Activities: Computer game, Video, Electronic media rental
    • Technology
      Digital ID, IoT
    • Other issues
      Digital ID, IP

Data courtesy This email address is being protected from spambots. You need JavaScript enabled to view it., Aust Bureau of Statistics, ATO, Digital Business insights Pty Ltd

Skills options

Australian Apprenticeships

australianapprenticeships.gov.au provides information on apprenticeships and traineeships, including factsheets and links.

Quality Indicators for Learning and Teaching

qilt.edu.au  provides information about Australian universities, including study experiences and employment outcomes.

MYSKILLS

myskills.gov.au  is an online database of Vocational Education and Training options, including information about providers, courses, outcomes and fees.

training.gov.au

training.gov.au  for information on training packages, qualifications, courses, units of competency and Registered Training Organisations.

National Centre for Vocational Education Research

ncver.edu.au  provides research and statistics about Vocational Education and Training and the links between education and the labour market.

myfuture

myfuture.edu.au is an online career exploration service which includes information on a range of career-related topics.