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Paper eres2005_169:
Real Estate Agency Practice and Profitability: An Analysis of House Sales and Agency Numbers in Sydney

id eres2005_169
authors Eves, Chris
year 2005
title Real Estate Agency Practice and Profitability: An Analysis of House Sales and Agency Numbers in Sydney
source Book of Abstracts: 2005 European Real Estate Society conference in association with the International Real Estate Society
summary Large cities provide a broad range of residential property types, as well as a range of socioeconomic locations. This results in a significant variation in residential property prices across both the city itself and the individual suburbs. The only constant across such a diverse range of residential property is the need for the majority of residential property owners to employ the services of a real estate agent to sell their property or to purchase a residential property. This paper will analyse the Sydney residential property market over the period 1992 to 2003 to determine the change in real estate offices numbers over the period, the profitability of real estate agency offices based on the residential house price performance of houses and units in these specific locations and the extent of changing residential house prices on agency profitability. Suburbs have been selected to provide a full range of housing types, socio-economic areas, older established and developing residential suburbs and location from the CBD.
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings
session Session F6
last changed 2008/11/01 09:47
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