Zillow has updated its real estate agent marketplace with new listings, giving buyers and sellers more information about agents.
Key points:Zillow says it has added 3,700 agents in Melbourne, Sydney, Adelaide, Brisbane and PerthZillows chief executive Mark Cramer said the firm was excited about the new listingsThe listings include agents from across the countryThe Australian Bureau of Statistics (ABS) said the average age of a real estate manager was 44, up from 43 in 2017The Australian Competition and Consumer Commission (ACCC) has confirmed the rise in the number of agents in the market and the age of their managers.
Key facts:Zellers has announced it has announced a range of new listings across Australia, including agents from the UK and the US.
In Melbourne, the most popular agent is a British firm called Cramer Real Estate, which is located in The Oaks at Eastlake.
The firm is based in the suburb of Northcote, near to where the ABC’s Adelaide bureau is based.
In Sydney, Zellers is based at a property called St Clair Avenue, near the CBD.
Zellings chief executive John Cramer says the firm is “excited” about the number and age of agents it has had in the marketplace.
“Zell is always looking to add agents and has a great team in place,” he said.
“They’ve got a lot of people who are passionate about the industry, and I’m looking forward to working with them and seeing what they do next.”
He says the average agent age is 44.
“It’s a good start to the year and shows the real demand for agents,” he told the ABC.
He says there were 3,707 agents listed in Melbourne in the first quarter of 2019, up slightly from 3,569 agents in 2018.
The most popular agents are listed in the Australian Capital Territory (ACT) and Queensland, with Zell’s agent in the ACT, Paul Cramer, at number one.
“I would be delighted if it was to stay that way for the foreseeable future,” Mr Cramer told the Australian Financial Review.
He said the growth in agents is the result of “a number of factors” but one of them is the fact that “we are seeing a lot more agents than we used to”.
“We have also had agents with a very long history and a lot older managers, so we’ve been able to increase our agents’ years of experience,” he added.
ZillOW says the rise of agents over the last few years has been driven by the arrival of a large number of people from overseas, particularly in the UK, US and Australia.
“Our agents are being attracted to Australia by the low cost of living and the ease of accessing the country,” the firm said.
Real estate brokers, however, said the rise could be a result of the “increasing number of Australians working in the sector”.
“I think the growth has come mainly because of the increased availability of real estate,” said Zillows head of realestate research, Steve Cramer.
“We think the Australian market is the best place for real estate in the world, so I think there’s a strong demand.”
Mr Cramer also said the number on Zillowing is up over the year because more people are looking for realtor listings.
“The market has been very strong in recent years, and the growth we’re seeing is very much driven by our agents,” Mr Pramer said.
In the UK market, Zillower is the biggest broker, but it has only posted one agent in Southwark.
Zillowers agent is in the London suburb of Southwark and is based just a few doors down from the BBC’s bureau in the heart of the capital.
In Adelaide, the city’s leading real estate broker is ZillOW, which has been expanding into Melbourne and Sydney.
The company has a number of different agents, including a manager based in Sydney.
Zilliow said it has increased the number in Melbourne from 4,000 in 2017 to 5,000 agents in 2020.
“For the next year, we are adding agents to our Melbourne team, which will see an additional 2,500 agents in our Melbourne office,” the company said.
The Australian Institute of Professional Engineers (AIPE) says there are now 1,500 Zillowed agents in Adelaide, compared to 1,200 in 2017.
“There are a lot less people wanting to take their Zilloweins up in Sydney, which means that there are a few more vacancies,” said AIPE head of research and statistics Dr David Smith.
Zillaow says its agents in Sydney are “highly qualified” and “professional” and that “every agent in Sydney is highly trained and experienced”.
“They are not just people looking for a job, they’re looking for the best possible deal,” Mr Smith said.
Zillerow says there is a