Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

What would you do with an extra 5 hours a week?

By Grace Ormsby
22 July 2020 | 1 minute read
extra 5 hours a week

Social distancing and the need to “stop the spread” means many real estate agents aren’t necessarily working from the office, so what’s happened to the daily commute?

REB has recently reported on the four camps into which Australian real estate agents have slotted with respect to their working patterns throughout the pandemic, noting an even split between those working from home and those who are still utilising the office. 

But digging a little deeper, it did reveal something interesting about the habits of those who have, or continue to, work from home.

Advertisement
Advertisement

According to the COVID-19 Business Confidence survey, real estate agents are saving 5.3 hours per week of time usually spent on their commute to and from work.

That’s a little over an hour per day.

Over four weeks, that’s equal to 21.2 hours.

It means that after two months of working from home, real estate agents would have saved themselves the equivalent time of a 40-hour working week.  

Putting that into perspective, that’s an extra six weeks of time that can be spent on things other than work.

Momentum Intelligence’s head of strategy, Michael Johnson, has called it “the reclaiming of lost time”.

Reflecting on the findings, he expressed the opinion that “we think that many people returning to the office may be more concerned with the commute than the office itself”.

“This may be a challenge of employers to address if they would like their employees to return to a centralised workforce in the near future,” he considered.

But despite the time saving, real estate agents are still using some of it to complete work-related activities.

Real estate respondents reported they were spending 18 per cent — or 57 minutes — of their time saved from the commute on work.

The COVID-19 Business Confidence survey was commissioned by REB sister brand MyBusiness.

It’s an ongoing survey of a cross-section of Australian business leaders and employees conducted by research firm Momentum Intelligence.

The survey encourages participants across a range of Momentum Media’s professional services brands (accounting, aviation, defence, financial services, law, mortgage and finance broking, and real estate) to take part in an online questionnaire.

It saw more than 2,800 people respond to the most recent iteration of the survey, which has served as a barometer of how businesses, and working Australians, have adapted to changing working and social environments throughout the COVID-19 pandemic.

Related: 

What would you do with an extra 5 hours a week?
calendar reb
lawyersweekly logo

ABOUT THE AUTHOR


Grace Ormsby

Grace Ormsby

Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.