Roles and responsibilities
- advise on the best method of sale (such as leasing proposals, purchase of property) and improvements in property presentation, and arrange the sale
- advise on the leasing of new premises, determining space requirements, the best geographical location and the costs involved, and negotiate with landlords
- develop and implement a marketing strategy for investment properties and negotiate with tenants
- collect and research information on property and write comprehensive reports
- prepare feasibility studies
- carry out market research
- evaluate the risks and returns of property developments and manage the project
- provide advice on property investment and on achieving the best return for an investment property or group of properties
Land economists may be self-employed or work in real estate companies, financial institutions or property development companies. They may also be employed by investment banks, Real Estate Investment Trusts (REITs), state and federal government departments, local councils and other government organisations. The varied nature of the profession provides opportunities to move between different areas of employment.
Employment opportunities in this field fluctuate, depending on the condition of the property market.