Rental, Hiring, and Real Estate Services

The Northern Territory’s rental, hiring, and real estate services industry is crucial for enabling access to housing an accommodation services for Territorians. It is also an important component of the Territory’s overall economic stability. The industry provides services in the rental and hiring, property operators, and real estate sub-sectors. Failure to provide these services would not only affect access to housing, but could undermine efforts to attract inter-state workers into other industries like arts and recreation, accommodation and food services, education and training, mining, and construction across the NT. Therefore, ensuring continuous access to affordable rental, hiring, and real estate services would mean designing purpose-driven strategies to attract and retain skilled workers whilst simultaneously improving the socioeconomic outcomes for Territorians.


Industry Insight

Future of the industry

The industry’s adoption and use of emerging technologies are transforming service delivery and building business resilience. Employment in the industry is also projected to grow by 6.3% between 2021 and 2026, which indicates opportunities for industry growth. These factors may create training gaps and exacerbate existing workforce challenges in the industry.


Source: ISACNT Property and Real Estate Insight

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