The Real Estate Business (REB) Top 50 Sales Offices 2022 has named LJ Hooker Property Specialists as one of the top offices in real estate in the national ranking and the top office in South Australia
The team has secured the 8th spot in the ranking and is the 7th year in a row that the team has been recognised in the Top 50.
The REB Top 50 Sales Offices ranking is an initiative of leading industry resource Real Estate Business (REB), produced by award-winning media business Momentum Media.
Now in its 10th year, the annual rankings set the national benchmark in identifying the country’s best real estate teams and offices that have gone above and beyond in the pursuit of excellence, demonstrated agility and resilience during the COVID-19 pandemic, and utilised technological tools to minimise disruption for buyers and vendors.
Powered by Momentum Intelligence, the ranking uses three metrics to determine rankings including the number of properties sold, total dollar volume of properties sold, and an efficiency rating that is determined by the ratio of sales to support staff (that is, offices that list and sell the largest number of properties in the most efficient way will receive the highest ranking).
Commenting on the rankings, REB deputy editor Grace Ormsby said: “As with REB’s other rankings, the REB Top 50 Sales Offices ranking provides a wonderful snapshot in time of the Australian real estate industry. This year’s figures not only showcase the strength of today’s market – they provide a benchmark for business acumen and sales capability all agents and business owners can aspire to.
“With 2022 set to bring with it even more challenges – and as internal and external factors continue to put pressure on profit margins, these agencies are setting themselves up for continued success.”
Oliver Stofka, research strategist of REB’s research arm, Momentum Intelligence, said, “The REB Top 50 Sales Offices ranking continues to solidify the quality of the Australian real estate marketplace. With another truncated year due to the pandemic, these offices have been able to provide excellent services to their clients regardless of all the challenges that this year provided. All offices that made the ranking should be immensely proud of their achievement.”
LJ Hooker Property Specialists Managing Director, Michael Fenn, said that “the award is the cherry on top of another fantastic year that our team has had” and that he was “extremely proud of the achievement and his team”.
“To be named in the Top 50 in one year is an amazing effort, so to do this consistently for 7 years in a row is incredible. It really is a testament to the dedication our team has to our clients and the community” commented Mr Fenn.
The data collected for the REB Top 50 Sales Offices 2021 was verified by a senior member of the agency or network, or the office’s accountant.