Agents Leaving Real Estate
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What is the main topic discussed in this episode?
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 podcast from. Well, it's another weekend around Australia. the 13th day of August for 2022. And is today the day that you secure your new home, your new house? It might be an apartment, a unit, a tiny home, whatever the case might be. If you are having a look at property around the country today, good luck. Wish you all the best. Coming up this morning, we're going to be talking with a real estate agent who is relatively new to the game under two years and discussing the pressure that is starting to come on to parts of the real estate sector with people that are working in it and starting to leave to find other jobs as the market, the real estate market starts to change.
Now, how scary is that proposition right now for a lot of people working in the real estate industry. Well, we're going to speak with Ben very shortly. If you're celebrating your birthday on the 13th of August today, have a great Saturday. In fact, have a great weekend. And two things that happened on this day that are polar opposites The first was a construction of the Berlin Wall. Now, the wall divided West Berlin from East Berlin, and it started on this day back in 1961. And the other polar opposite was, on this day, a popular American animated series is created by Trey Parker and Matt Stone, and it follows the lives of four adventures of four boys together. in a fictional town called South Park, Colorado.
That happened on this day in 1997. It's your weekend real estate breakfast, a serial-sized podcast about what's happening in your local backyard every Saturday 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 around Australia. And good morning to you in Sydney. Expecting one or two showers on your Saturday morning, a high of 20 degrees. Melbourne, a few showers, a possible thunderstorm today. 15 is your forecast high. Brisbane expecting some rain on your Saturday morning, 19 degrees. And Perth expecting some showers and also 19 degrees. We are just as addicted to property as you are. Every weekday morning from 6.30.
So recently there's been a bit of talk going around about real estate agents working in the industry and some commentators are suggesting a lot of these agents will need to go and find another career as the market bites and turns and it is true to say that the real estate industry has had an explosion of new real estate people being drawn to the industry. And why not? I mean, you look at the gold rush era and the same thing happened. And let's face it, when it comes to your job, one of the most important factors is how much are you going to pay me? show me the money and it can be argued that in order to get into the real estate industry it's a low entry point to get going and at the height of the boom is there another industry that can match the rewards of working in the real estate industry probably not a lot of real estate agents are now working in the industry for the rewards aspect
And a lot of these agents have only been going one or two years. So this morning, we are going to talk to an agent who is relatively new to the industry to break it all down for you and I to see what the reality of it all looks like. So let's say a very good morning to Ben Matthews in Perth. And a very good morning to you, Ben. Welcome to the Real Estate Podcast this morning.
What pressures are causing agents to leave the real estate industry?
G'day, Craig. Thanks very much for having me, mate. My pleasure. So let's start right at the beginning. What made you want to become a real estate agent? Well, yeah, thanks for asking, mate. Look, basically, I had an older brother who was in the real estate industry and did really well. And as he rightly said there, pretty low barrier to entry. He got into it when he was 18, did really well. And I subsequently got into a different business and I was in the construction business for about eight years.
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