Industry Analysis & Industry Trends
The Real Estate Agency Franchises industry has performed well over the past five years. Industry revenue has grown strongly following a sharp decline in 2010-11, when rising interest rates weakened property demand. Interest rates have plunged to a record low since then, boosting mortgage affordability and supporting demand for residential property. These factors have contributed to strong pricing growth in residential housing over the past five years. Rising property prices have enticed investors into the market, as the increased equity in existing properties has allowed many owners to purchase additional properties. Increased commercial property yields have also assisted industry revenue growth. Industry revenue is forecast to grow at an annualised 2.9%... purchase to read more
Industry Report - Industry Products Chapter
Real estate agents typically focus on specific target markets or operation types. For example, an agent may choose to focus on residential property sales, taking on minimal commercial property work. This means that some agents will earn the majority of their revenue from a single market, rather than through diversified income streams. Each service segment size represents its contribution to total industry revenue.
The largest service segment for the Real Estate Agency Franchises industry is residential sales. Industry operators earn a commission on the sale price of residential property. Average commission rates vary from state-to-state and among operators within the same geographical area... purchase to read more