Spectra Training grows by acquisition in property management sector

Tuesday, October 22nd

Spectra Training is pleased to announce its acquisition of one of Australia’s leading property services training companies.

“We are excited to be entering the property services training sector. We see huge growth opportunities in this sector for quality training providers who are prepared to work closely with industry” said Gary Cobbledick, Spectra’s CEO.

Spectra’s entry into the sector follows its acquisition of the Strata Communities Australia Registered Training Organisation (SCA-RTO). SCA is an industry peak body and professional association representing over 3,300 members who manage strata schemes.

The SCA-RTO delivers a range of short courses as well as Certificate IV and Diploma level strata based programs. These programs have been endorsed by the SCA Board on recommendation from its Educational Advisory Group. The programs are all aligned to SCA’s accreditation pathway for industry professionals.

In a statement, SCA said “This new arrangement combines Spectra’s depth of expertise and resources in delivering specialist industry training programs with SCA’s strata sector experience and knowledge.”

The strata management market is large and growing. There are over 2,000,000 strata lots in Australia, over 500 strata management companies, and approximately 6,000 people employed in the sector.

The sector has an average staff turnover rate of 17.4%. In an industry where there is a direct correlation between consistency of staff and client retention, there are many powerful reasons for proactive strata companies to invest in their staff as a means of boosting retention rates and driving productivity gains.

Spectra’s strategy is to become the training provider of choice to the leading strata managers in Australia and their staff. Spectra’s strategy is centred around three key elements:

‘We are very proud to have worked with the strata community sector for the past 12 months, and have achieved some great results for our clients”, said Spectra’s CEO, Gary Cobbledick. “We now look forward to expanding our offering to meet the broader workforce development needs of the strata sector.”