The REB Top 100 Agents 2023 ranking has been revealed
REB is proud to unveil the Top 100 Agents 2023 ranking, which provides industry-wide recognition of the achievements of high-performing residential real estate agents operating throughout Australia.
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As challenges mount for agents amid rising interest rates, turbulence in the property market and fluctuating buyer demand, the ranking handpicks agents across Australia who have remained resilient and gone above and beyond for clients in their local area while achieving outstanding sales numbers.
The ranking also applauds agents who have set strong professional performance standards, and empowers them to win more listings.
Moreover, it offers a benchmark for success that other agents can emulate.
TOTAL NUMBER OF SALES
While the property market boomed during the peak of the COVID-19 crisis, it lost steam in 2022 due to rising interest rates and inflation.
Despite these mounting challenges, the top 100 agents sold an impressive 11,642 properties in 2022. However, this was slightly lower than the 12,556 properties sold in 2021, reflecting tighter property market conditions.
Similarly, the sales values across the top 100 agents shrank from $25.6 billion in 2021 to $23.6 billion in 2022.
The top 10 agents sold 1,680 properties in 2022 totalling $5.1 billion. This was down from 1,783 transactions totalling $5.4 billion across the 2021 calendar year.
The 2023 ranking sheds light on how agents performed in tougher economic conditions and a tighter property market.
For example, the average sale price across the top 100 agents fell from $2.3 million in 2021 to $2.2 million in 2022. Similarly, the average value of residential properties sold dipped from $255.6 million to $236.5 million year-on-year.
Across the top 10 agents, the average sale price fell slightly from $3.2 million to $3.0 million. The average value of residential properties sold declined from $543.7 million to $507.1 million.
Days on market rose from an average of 28 in 2021 to 33 in 2022 across the top 100 agents, and from 27 to 34 across the top 10 agents.
Publishing the ranking annually reveals ongoing trends and opportunities, as well as challenges impacting agents and the property market.
The ranking is determined by using a range of metrics including number of properties sold, total dollar volume of properties sold, and average sale value across the 2022 calendar year.
Each agent is ranked comparatively across these three metrics against their peers, with the combined comparative score used to determine the top-ranked Australian agents.
Analysis of the data allows us to create a profile of the top-performing agents in Australia. For instance, the top 100 agents had just over 18 years of experience in 2022 (similar to the previous year), while the top 10 agents had 20 years of experience, down from 21 years in 2021.
The top 100 agents had 2.36 support staff to assist them (down from three in the previous year) while the top 10 agents had three support staff.
|Rank||Agent Name||Company||Suburb(s) serviced||State||Years in industry||Support staff||Average days on market||Residential property listings secured||Residential properties sold||Total value of residential properties sold||Average sale price|
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Disclaimer: Real Estate Business has undertaken a process to ensure the accuracy of data used to formulate the REB Top 100 Agents 2023 ranking. Data for the ranking was supplied by individual agents, offices and/or head offices. While Real Estate Business has made every attempt to validate the accuracy of the data, any errors or omissions are the ultimate responsibility of the company or individual that supplied the data and any associated information. To the full extent allowed by law, or the ranking participants, its publisher Momentum Media and Momentum Media employees excludes any liability for any loss or damage sustained by readers arising from the supply, use, or promotion of the REB Top 100 Agents 2023 ranking .
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