Port Stephens real estate agency ranked among Australia’s Top 50 Sales Offices 2023
KEY POINTS
● New ranking unveils Australia’s Top 50 Sales Offices in residential real estate for 2023
● Port Stephens real estate agency PRD Port Stephens secures a ranking
PRD Port Stephens has secured the 11th rank in the Real Estate Business (REB) Top 50 Sales Offices 2023 rankings.
Now in its 11th year, the annual rankings set the national benchmark in identifying Australia’s best real estate teams and offices that have consistently achieved excellence while guiding vendors and buyers through a property market boom and ensuing skyrocketing demand as buyers rushed to take advantage of a low interest rate environment in the 2021–22 financial year.
The prestigious industry ranking is an initiative of leading industry resource Real Estate Business (REB), produced by award-winning media business Momentum Media, and powered by research arm Momentum Intelligence.
To compile the rankings, REB asked agents to provide their number of listings and settlements, total value of settlements, average days on market between 1 July 2021 and 30 June 2022, and number of staff as of the end of the 2022 financial year.
The 2023 rankings were determined using three of the following measures individually ranked to the entire submission cohort:
● Total value of settlements
● Total number of settlements
● Efficiency rate (total number of settlements divided by number of sales-focused staff including sales support)
Each measure ranking was then compiled with equal weighting to determine the final ranking of each office.
Reflecting on this year’s ranking, REB editor Grace Ormsby acknowledged the unique set of circumstances that real estate agents across the country were operating within across the assessment period.
“The pandemic-fuelled boom saw many agents take on opportunities they would not have had otherwise — and this year’s figures point to that.
“In essence, this makes the 2023 ranking an even more elite list. My congratulations to every single office who has made this year’s ranking. These efficient operators have set the bar for what the future of real estate will be.
All data was verified by Momentum Intelligence to ensure accuracy.
