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As the year settles in, we are fielding calls from Surveyors with some concerns about the year ahead. So Surveyors Australia put together a 1-minute, quick survey to take a quick "pulse" of the industry. We thankfully received 185 responses, with every State and Territory represented in the Results.
2024 Work Volume Expectations
Responses regarding work volume for 2024 show a cautiously optimistic outlook, a bit of a 'mixed bag'. 47.03% of our members anticipate business volumes to remain consistent with the previous year, while 28.65% expect an increase. However, 24.32% predict a decrease. These results flow with that of the Demand Study which shows a fluctuation in workload this year and some of you reporting the market is a bit "soft" right now in some parts of the country.
Staffing Projections
When it comes to staffing, the majority (57.92%) foresee maintaining current levels, though a significant portion (31.15%) is optimistic about expansion. This contrasts with the 10.93% anticipating reductions, which again fits with the predictions in the Demand Study - and the varying workflow in different jurisdictions.
Identified Challenges
The survey highlighted two primary challenges for the upcoming year: economic conditions (52.43%) and staffing and skills shortages (49.73%). Regulatory changes (15.68%), technology adoption (7.57%), and other factors (mostly the Surveyors Boards!) (6.49%) also contribute to the landscape of challenges we face.
So it's not surprising that your priorities for support from Surveyors Australia was advocacy and regulatory support (41.90%), followed by educational resources and training (33.52%). And one person suggested we send less emails! If you would like to view the full results, please click below. Thank-you to everyone who took the time to complete our Survey, we hope the results offer some valuable insight.
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