The PROPERTY DOCTORS, Sydney Australia Novak Properties

EP. 1447 - TIMES ARE HARD! KEEP GOING...


Listen Later

Has your real estate career hit a rough patch? You're not alone. Our latest deep dive reveals a startling trend: approximately 200 agents have vanished from Sydney's Northern Beaches in just 24 months. This unprecedented shift has transformed the competitive landscape dramatically.

We started this conversation after discovering some shocking numbers on RealEstate.com - tracking agent profiles showed a decline from around 650 to just 450 active agents. With the minimal requirement being just one sale or listing per year to maintain an active profile, this exodus speaks volumes about current market challenges. Rising interest rates have jumped from 2% to 6%, property investors are feeling the squeeze, and many agents simply couldn't weather the storm.

During tough times, advice often boils down to "just keep going" - which can seem frustratingly simplistic when you're struggling. But as we share in this episode, sometimes the simplest guidance proves most powerful. "Just keep answering your phone" was advice that initially disappointed, but became a mantra for survival during the darkest periods. Like the inevitable cycles of weather - from fires to floods to beautiful days - market conditions will always fluctuate. Those who maintain perspective, keep showing up, and continue providing value typically emerge stronger when conditions improve.

For property owners, there's actually good news amid this consolidation. Despite fewer agents, Northern Beaches inventory remains low at around 700 properties (compared to 1,200+ in a buyer's market), creating favorable selling conditions. The remaining agents likely represent the most resilient, experienced professionals who've demonstrated staying power through challenging times.

Whether you're an agent fighting to survive, a seller contemplating your next move, or simply navigating your own professional challenges, this honest conversation about persistence, perspective and market realities offers both practical insights and necessary encouragement. Subscribe now and join us each week for real, unfiltered conversations about the property market and business success strategies that actually work.

...more
View all episodesView all episodes
Download on the App Store

The PROPERTY DOCTORS, Sydney Australia Novak PropertiesBy Mark Novak, Lisa Novak, Billy Drury, Michael Burgio, Cleo Whithear, Stankovic, Stevan Bubalo, Bidhan Shrestha, Thomas Sims, Jonathan Vescio, Harry Lorcas, Josh Wapshott and guests

  • 5
  • 5
  • 5
  • 5
  • 5

5

1 ratings


More shows like The PROPERTY DOCTORS, Sydney Australia Novak Properties

View all
The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,832 Listeners

7 figure Attraction Agent by Tom Panos - Real Estate Coach & Trainer

7 figure Attraction Agent

8 Listeners

The Elephant In The Room Property Podcast | Inside Australian Real Estate by Chris Bates

The Elephant In The Room Property Podcast | Inside Australian Real Estate

11 Listeners

My First Million by Hubspot Media

My First Million

2,632 Listeners

Pizza and Property by P&P Media

Pizza and Property

12 Listeners

Aus Property Mastery with PK by PK Gupta

Aus Property Mastery with PK

1 Listeners

Chanticleer by Australian Financial Review

Chanticleer

18 Listeners

The Fin by Australian Financial Review

The Fin

19 Listeners

Australian Property Show by Tom Haigh - Property and Investing - powered by My Money Sorted

Australian Property Show

0 Listeners