0

TOTAL NUMBER OF SALES

The REB Top 50 Women in Real Estate ranking for 2021 is now live.

It’s the sixth year of the ranking, which sets the benchmark for Australian female real estate professionals working in the residential property space.

This prestigious ranking offers listed agents industry-wide recognition as a top-performing agent and offers another avenue through which the profession can celebrate success. It also provides a framework for high-achievers – and those aspiring to be considered among the best – to track their professional performance standards.

$ 5.23 billion

TOTAL VALUE OF SALES

The REB Top 50 Women in Real Estate ranking gives incredible insight into what it takes to be a successful agent.

Compiled through a comprehensive process, the metrics used to generate the REB Top 50 Women in Real Estate ranking include the number of properties sold, total dollar volume of properties sold and the average sale value.

Each and every agent is ranked against their peers using these three metrics, with a combined comparative score then able to determine the top-ranked agents in the country.

Since the ranking’s beginnings, the REB Top 50 Women in Real Estate has been able to provide valuable insight into the trends, opportunities and challenges that have faced not only the real estate profession, but the Australian property market and the general population more broadly.

After a sustained drop in the total value of sales across the Top 50 Women in Real Estate in 2020 to $4.78 billion, it comes as no surprise that the value has once again broken the $5 billion barrier, and now sits at $5.23 billion, given the market conditions that were evident for much of the latter part of 2020.

Last time the total value of sales among the Top 50 Women in Real Estate sat above $5 billion was back in 2018, when $5.47 billion in total sales was reported.

The only other time that the ranking has reported over $5 billion worth of property sales collectively was in 2017, when the total came in at $5.01 billion.

That total value of sales boost has also translated to the Top 10 Women in Real Estate, who collectively reported $1.64 billion worth of sales in 2021, up from the $1.52 billion recorded in 2020.

$ 1.30 million

AVERAGE SALES PRICE

This year, the top 50 women in real estate have reported an average selling price of $1.30 million.

It’s below the $1.33 million recorded in 2020, the $1.39 million figure from 2019, and the 2018 high of $2.04 million.

Among the ranking’s top 10 women, an average selling price of $2.07 million was achieved, which also sat below 2020 figures, when the average top 10 agent sale netted $2.17 million.

This year’s results were always going to be abnormal, given the continuing COVID-19 crisis that had an impact Australia-wide from March 2020.

Australia’s top female agents were not unaffected, with commissions also taking a hit.

In 2021, a top 50 agent took home an average commission of 1.79 per cent per sale, in contrast with 2020’s 1.83 per cent.

Among the top 10 performers, average commission was just 1.34 per cent – a drop from 2020’s 1.65 per cent.

Despite this, a markedly shorter turnaround time was achieved across both the top 50 and the top 10 women in real estate, with top 50 agents taking just 43 days to sell a property, and top 10 agents doing so in just 37 days.

In 2020, both a top 10 ranked agent and a top 50 ranked agent took 45 days.

Over the coming months, REB will deliver more detailed analysis of the Top 50 Women in Real Estate, alongside exclusive stories and insight from these highly ranked agents.