7 Day Property Review
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What is the focus of this week's property review?
It's the Real Estate Podcast across every state, city and town of Australia. And welcome to another episode of the Real Estate Podcast available on iHeartRadio every morning and also on Spotify and Apple and wherever you get your podcasts from. As our weekend continues and I hope your real estate journey across the weekend has been going well and it's a good one on this 21st day of August for 2022. Coming up this morning, because it is a Sunday, we have the Sunday review of news and analysis from the last seven days. And as well as that, we're also appreciative of the feedback that you provide to us. Now, if you've got any questions or suggestions, don't hesitate to let us know by emailing us to this email address, myrealestatepodcast at gmail.com.
Again, that is myrealestatepodcast at gmail.com. We'd love to hear from you. Coming up tomorrow, we are joined by Paul Ryan, the senior economist from PropTrack, and we're going to be looking at suburbs that have gained the most profits for vendors. Will that surprise? I wonder. Hey, if you're celebrating your birthday for today, the 21st of August, have a great Sunday. On the birthday lineup is Usain Bolt. Remember him? The Jamaican sprinter. Man, could he fly. And if you're looking for something to watch, a film on Netflix, which I can totally recommend. If you like a dark thriller, it stars Kevin Costner and Diane Lane, who are fantastic in this film. It's called Let Him Go. It is a scary but a really good watch.
From first home buyers to property investors and everything in between, every morning on The Real Estate Podcast. It's the main centre forecast with propertybuyer.com.au. All right, let's have a look at your weather. And I can tell you that it's fine, dry weather right around the country. Good morning to you if you're in Sydney expecting a mostly sunny day. and a high of 18 degrees. Partly cloudy but dry in Melbourne with 15. Also sunshine with partly cloudy conditions and 21 degrees in Brisbane and in Perth. Also cloudy conditions but dry and your high of 20 degrees. Grab your coffee and switch on your real estate breakfast every weekday morning from 6.30. It's your real estate weekend podcast in review.
All right. So now we're going to just go further forward a little bit with your timeline. So we're still in the first 12 months, the financial, the first full financial year, you working in real estate. how many homes were you able to sell? Okay. So I guess a couple of quick metrics there. I started in October 2020. So October to October, the first 12 months in real estate, I sold 70 homes exactly. And my first financial year, which was just finished in June this year, sold 97 homes. I think we've sold about 140 odd homes across the board, 140, 145 homes. So So 70 in that first 12 month period and that's starting from nothing. So, you know, the second half of that 12 months probably saw a good 50 or 55.
And, you know, the first, you know, the first six months was the harder graft, that's for sure. Okay, so Ben, break it down a little bit. So 97 of these homes in your first full financial year, if you feel comfortable, tell us how much money that means that you have taken home. Yeah, look, Craig, that's not a problem at all, mate. My average commission is about $10,000 or $11,000 plus GST per commission. They do vary. So I could sell a $200,000 villa where you might charge $8,000 or I could sell a million-dollar property in the hills where it might charge $25,000 So look, the total gross commission was about $1.1 million. And after paying my PA and paying the office splits, I took home about $700,000 on my group certificate.
When you sold that first property, as you say, took a long time for that to sort of go through the stages before you saw the money in your bank account. You would never have been able to forecast where you'd land in the first 12 months. Absolutely not. No, absolutely not. I mean, I had some goals and some certain things that I wanted to achieve, but being new in the industry, you want to set ambitious goals, but not ridiculous as well.
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Chapters
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