Sink, swim or tread water is the message for agents from Reap Dashboard
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Nov 25, 2022
Sink, swim or tread water is the message for agents from Reap Dashboard
Chris Mercer, of REAP Dashboard, recently presented an enlightening webinar, sharing the data and insights which will shape the next 12 months. The data here is aggregated from a cross section of agencies and markets around the country.
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Chris Mercer, of REAP Dashboard Webinar
REAP provided us with great analysis and insight into the real goings on of the real estate industry in Australia - Chris Clarke - Universal Buyers Agents
It is clear that 2023 is going to be a very difficult year for those who are unprepared in the real estate sector. The more information you have, the better prepared you are to make the decisions to best position your agency for success or even survival.
Chris Mercer, of REAP Dashboard, presented an enlightening webinar, sharing the data and insights which will shape the next 12 months. The data here is aggregated from a cross section of agencies and markets around the country. REAP data covers sales, property management and expenses of agencies, which sets genuine benchmarks for the sector.
In the area of sales, Chris was able to use REAP Data to account for the variety of agent commission structures to give a real view of performance. In the real estate sector it is often hard to know how you are performing compared to competitor agencies, with REAP data it is possible to get un-inflated data. These are the real numbers. When pairing their data to the publicly available sales data, it is possible to see what the real, bottom line impacts are of the current trends.
In the area of property management, REAP is able to show the impact of a tight rental market on agencies. What is the overall impact of fewer re-leasings, increasing fixed wages for property managers and creeping rents? Well Chris shows us and it delivers us some very decisions that need to be made.
The third subject covered in the REAP Webinar, was the great unknown. An insight into what is happening with outgoings, like rent, expenses and fixed wages for administrative and support staff.
After this break down Chris stepped us through what the overall data tells us about the year that was FY22. He stepped through what the picture looked like in real terms, in profit, headcount and the cost of doing business.
Chris uses all the data and trends, rolled forward to give impactful insight into what lies ahead. He then offered up some very clear options on how every agency owner can make changes to their business to position themselves for success. Lastly, Chris took questions for attendees, giving advice and guidance on their circumstances, no doubt the questions that exist in the minds of many of those on the webinar.
This webinar is a must see for anyone who wants to know where the sector is headed, for agency owners who need extra information so they know where to cut, where to grow and to hold steady.
Without the data and insights delivered by REAP, you are guessing. This knowledge gives you the power to make informed and decisive decisions. This can be the difference for agencies between sinking, swimming or treading water.
Click here to register for the 7 February 2023 Webinar.
Upcoming REAP events:
Save the date: Tuesday 7th Feb 23 - September 2022 data review
Save the date: Tuesday 28th Mar 23, Annual REAP Profit Symposium 2022 Calendar year data release
Related Reading:
REAP Dashboard member shares his experience | The Real Estate Conversation
REAP Dashboard provides central reporting to help agencies | The Real Estate Conversation
REAP Dashboard is officially launching at AREC | The Real Estate Conversation
REAP Dashboard launched at AREC 21 | The Real Estate Conversation
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