Latest news with #realestateagent
Yahoo
16-07-2025
- Business
- Yahoo
Aussie who got job ‘on the spot' reveals how he's now earning $400,000 a year
A Sydney real estate agent claims he is earning $400,000 a year after being in the industry for more than a decade. The man's salary is on par with some of the country's highest earners, including jobs like surgeons and anaesthetists. The man was stopped on the boardwalk at Bondi Beach by Getahead, a jobs app that has gone viral online for quizzing people about their jobs and salaries. The man shared he started his real estate career 11 years ago. 'I just went straight into sales. I got a random open day invite to this real estate agency and just got the job on the spot,' he said. RELATED Young Aussie earning $300,000 a year in job reveals reality of 'mind-boggling' salary $105,000 superannuation warning over growing 'mini-retirement' trend Aussie tradie loses $110,000 house deposit due to small detail The man said it took him "about five years" to start making really good money in real estate. While he said he was now earning about $400,000 a year, average real estate agent salaries are much lower. Australian Taxation Office (ATO) data revealed the average real estate sales agent earned $100,531 per year in the 2022-23 income year, while the median income was $69,157. That's based on the 76,292 people working in the job. Male real estate agents earned higher salaries, on average, at $129,743 per year, while females earned $78,817 on average. Real estate agent commissions are typically a percentage of the property's sale price and are negotiable. The man said the most expensive house he had sold was $35 million last year. 'One of my ultimate goals is to sell a house over $100 million,' he said. While the industry can be a lucrative one, it does involve long hours. The man shared he was working from 7.30am to 6pm Monday to Friday, and on Saturdays showing open homes. He only gets Sundays off. Sunshine Coast real estate agent Ethan Forbes recently shared he was earning $300,000 a year and had been in the job for just two years. Forbes said he worked 12-hour days, six to seven days a week, for the first year of his career to try and make it. Last financial year, he said he brought more than $500,000 in gross commission income, which he splits with his agency LJ Hooker. The Sydney real estate agent said his best advice for people starting off in the industry was to surround yourself with the right people. 'Try to wiggle your way into a very high-performing team. If you surround yourself with like-minded people, you can get into better doors and bigger doors,' he said. At $400,000 a year, the man's salary is nearly as high as some of the highest-paying jobs in the country. The ATO recently revealed the top-paying jobs in Australia, based on the tax return data of millions of people from the 2022-23 income year. Surgeons topped the list with an average salary of $472,475 a year, followed by anaesthetists at $447,193. Financial deals rounded out the top three with an income of $355,233 per year on in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Palm Beach house in security zone near Trump's Mar-a-Lago Club lists at $18.9 million
The Mar-a-Lago Club may be closed for the summer, but Palm Beach's residential real estate market is still open for business in the neighborhood just north of President Donald Trump's famous business and residence. A new $18.9-million listing for house at 145 Clarendon Ave. entered the multiple listing service this week in the security zone that closes to through-traffic when the president visits Mar-a-Lago. Built in 1951 and ripe for renovation — or even demolition — on a half-acre lot, the one-story house on Clarendon Avenue has five bedrooms and 5,276 square feet of living space, inside and out. The house is the fourth one east of the Intracoastal Waterway and stands near the intersection of South County Road and South Ocean Boulevard. Clarendon Avenue is the northernmost street in the security-zone neighborhood, which extends seven blocks north of Mar-a-Lago. Since the start of the year, the Estate Section neighborhood has seen five houses — plus a vacant lot with town-approved house plans — change hands in the security zone at prices ranging from $14 million to $27.5 million. The house that just entered the market is among three in the neighborhood listed for sale in the MLS. The Bermuda-style house that just entered the market at 145 Clarendon Ave. last changed hands for a recorded $17 million in June 2022. The buyer was fashion designer Catherine H. Prevost, who at the time had an eponymous Palm Beach boutique — opened in late 2021 but since closed — on Worth Avenue. Less than a month after Prevost bought the house, she deeded it to 145 Clarendon PB LLC, a limited liability company managed by West Palm Beach attorney A. Max Zaretsky, public records show. Prevost, who built her fashion career in London, still sells apparel through her website, Agent Margit Brandt of Premier Estate Properties, who has been involved in the majority of the security-zone sales, holds the new listing. Brandt declined to comment for this story, but her sales description says the house offers an 'unparalleled opportunity to renovate and reimagine this island residence.' A buyer could also demolish the house and replace it with something new. With a three-car garage, the house has a walled-in garden area accessed from several rooms and centered on the swimming pool. The layout also includes a living room with pecky-cypress paneling and a tray ceiling; a formal dining room; and a family room with floor-to-ceiling windows and glass doors. Brandt's listing spotlights the home's 'soaring ceilings,' wood floors and well-proportioned rooms. 'The expansive kitchen and butler's pantry offer the perfect canvas for customization,' says the listing, which also mentions a new 60-inch gas range and 'an east-facing patio ideal for morning coffee or alfresco dining.' The property backs up to Via Serena, which acts as a service road for houses on the north side of Clarendon Avenue. Owners on Clarendon also have access to a neighborhood patio on the beach on the opposite side of South Ocean Boulevard. When the house sold in 2022, attorney Christopher Uzpen signed the deed on behalf of the seller, a limited liability company named after the property's address. Uzpen is affiliated with investments firm Interactive Brokers Group of Greenwich, Connecticut, a firm was founded by Palm Beach billionaire Thomas Peterffy. The listing agent in the 2022 sale was Lara A. Pope of Sotheby's International Realty, who negotiated opposite agent Ashley Copeland of Brown Harris Stevens. The house had sold previously via a deed recorded in 2021 at $10.5 million. In that off-market sale, the seller was Sotheby's International Realty agent Victoria "Tori" Baker, who owned the property through a trust. Society architect Marion Sims Wyeth designed the house for Vaughn Spaulding of Lake Forest, Illinois, and it was first sold in 1978 by the estate of Florence C. Spaulding, records show. One of the other MLS-listed houses in the Mar-a-Lago security zone is just down the street at 160 Clarendon Ave., priced at $48.85 million by broker Lawrence Moens of Lawrence A. Moens Associates. Agent Elizabeth DeWoody of Compass Florida holds the third listing in the neighborhood — a house at 1045 S. Ocean Blvd., which is asking $23.95 million. When Trump is at Mar-a-Lago, security officers shut down South Ocean Boulevard in the neighborhood, opening the road only to property owners or their authorized representatives, guests or workers. Because the area is bordered by the Atlantic Ocean on one side and the Intracoastal Waterway on the other, the roadblock effectively divides the town in two, forcing through-traffic to detour across bridges into West Palm Beach and back. To see more photos of the house at 145 Clarendon Ave., click on on the gallery within the story. dhofheinz@ Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly 'Beyond the Hedges' column. He welcomes tips about real estate news on the island. Email dhofheinz@ call 561-820-3831 or tweet @PBDN_Hofheinz. This article originally appeared on Palm Beach Daily News: Palm Beach home in security zone by Trump's Mar-a-Lago lists at $18.9M
Daily Mail
09-07-2025
- Business
- Daily Mail
My client wanted to buy a property but something didn't sit right with me... I couldn't believe what the real estate agent was trying to do
A fed-up buyer's agent has slammed a real estate agent for trying to dupe his client into buying a shoddy property. Melbourne Property Advocate founder Simon Murphy was outraged after making the shock discovery while inspecting a property in Melbourne's west. Mr Murphy, who has more than 14 years experience, said the agent refused to include a building and pest inspection clause in the property sales agreement. The agent, who Mr Murphy wished not to identify, initially offered to sell the property at $510,000. When Mr Murphy insisted his client would only go ahead with the sale if it passed the inspections, the agent insisted the closing price should be increased to $550,000. Mr Murphy said it immediately set off 'alarm bells' and prompted him to ask the agent whether they were aware of any damage to the property. The buyer's agent recalled the unbelievable experience on his TikTok channel Melbourne Trusted Advocate and claimed he told the real estate agent they were required to tell him the 'material facts'. The agent insisted they were not aware of any issues and Mr Murphy decided to arrange for a building inspector to visit the property the following day. After booking in an inspector at his client's expense, the agent told him they were unable to find the key to allow the inspection to go ahead. Shortly after, the agent called Mr Murphy and insisted the unconditional offer at the initial price of $510,000 was still available. 'I'm like, "Are you joking? We're doing a building inspection, we're going to do one before we even make an offer",' he said. 'In my head, I'm like, "I don't trust you at all".' The former agent said he was already wary of the property's condition, given it had been on the market since the beginning of the year. When asked why it had not yet found a buyer, Mr Murphy said the agent told him previous attempts to buy the property had fallen over 'due to finance'. They also said the sale had been stalled due to the owner becoming pregnant. Mr Murphy's suspicions were confirmed when his building inspector gained access to the property and found the sub-floor alone needed an estimated $40,000 in work. 'It just goes to show, and this has been happening a few times for the agents out in the west, they are doing whatever they can to get sales over the line.' While Mr Murphy refused to identify the agent by name, he added: 'If you are watching this, I know who you are and I will never be dealing with you again.' He closed the video with an urgent warning to homebuyers to be wary of real estate agents who are reluctant to facilitate building and pest inspections. Social media users were horrified, with many claiming they had been persuaded to proceed with a sale without conducting prior inspections. One said an agent had told him inspections 'don't do anything', before finding the property was infected by termites. Another said the behaviour was all the more despicable when it involved first homebuyers whose emotions often cloud their judgments. 'Buying their first home, people are attached more emotionally than financially and those crooked agents know it very well,' he said. Some were less sympathetic, including one man who claimed the onus should be on the buyer to do their due diligence. 'Well, that's the message, do your due diligence prior no matter what,' Mr Murphy replied. Another woman agreed, going so far as to say agents 'should be held accountable for future costs'. Disturbing as it was, Mr Murphy said he had encountered similar agents in the past. 'The agents in the west of Melbourne are absolutely to the point where Consumer Affairs needs to go out there,' he said.
Yahoo
03-07-2025
- Business
- Yahoo
Young Aussie earning $300,000 a year in job reveals reality of 'mind-boggling' salary
A young Aussie worker has shared how he went from not making a cent for six months to earning close to $300,000 a year. The real estate industry can be an extremely lucrative one, but it involves a huge amount of sacrifice and hustle before you can see the big bucks. Ethan Forbes has been working as a real estate agent on the Sunshine Coast for the past two years. The 24-year-old told Yahoo Finance he earned $300,000 last financial year, including superannuation and taxes, but it was a tough ride to get to where he is now. 'I wasn't making any money for six months and I was basically broke, had no money to my name,' he said. RELATED Aussie earning $300,000 a year in job after completing three day course Woolworths payment change hits dozens of supermarkets today Superannuation 'red alert' for millions as $1 billion in retirement savings feared lost Forbes completed a three-day course to get into the industry. While he said this initial course was "pretty easy", the work it takes to stay in the industry and move up wasn't. Forbes worked 12-hour days, seven days a week, for the first year of his real estate career. He said his job involved a lot of rejection and knocking on doors for hours to put himself out there and try and find sellers. 'I went really hard in that first year. That was the year that I was like, I've got to make this work and I was working seven days,' he said. Unlike most jobs where you receive a base salary for your work, real estate agents are paid on commission, so if you don't list or sell anything, you don't make money. 'I love it like that. Because for me, if I'm not getting a base salary, if I don't get my ass into gear and work then I'm going to starve,' he said. 'It's more risk and more reward.' Forbes ran his own lawn mowing business after he finished school and said this was what gave him the work ethic and drive he needed to become successful in the real estate industry. While Forbes said the long hours meant his family, friends, hobbies, and health had to 'take a backseat', he said his sacrifice was now starting to pay off. 'I'm only now starting to see the fruits of the labour from all the days where I was just out for 12 hours knocking on doors and no one knew who I was,' he said. Forbes recently went viral after sharing he was earning nearly $300,000 a year after only being a real estate agent for two years. For this financial year, he said he brought more than $500,000 in gross commission income, which he splits with his agency LJ Hooker. 'It's insane for me. This is the most money I have ever earned in my entire life this year. It's quite mind-boggling,' he said. Forbes' average sale price is between $800,000 and $850,000, with his most expensive sale being $1.302 million. The average number of properties he has sold per year is 28. Commissions vary and are negotiable, with Forbes noting his commissions usually sit between 1.95 to 2.7 per cent. Forbes said his income varied hugely month to month. In December last year, for example, he generated $250,000 in sales after listing 12 properties. From that, he took home $125,000. "[December] was the best month I've ever had in a long shot, probably by like three or four times," he said. "But then the first three months of 2025, I brought in $0." While Forbes said he is happy all his sacrifices have now paid off, he said he did experience burnout while trying to get ahead and the work took its toll on his mental health. 'You lose a listing here and there and you might not sell one, or it'll withdraw. A lot of that plays on your mental health and you've got to be really careful,' he said. 'Then it's the constant rejection. You're constantly talking to people who don't want to talk to you. There are a lot of negative things. You go through really high moments and really low moments as well.' Forbes said things had slowed down a little bit now and he was trying to strike a better work-life balance and do the best job he could for clients, while also being there for his family, friends and self. He is still working six days a week from Monday to Saturday and is available to clients 24/7. But he said he isn't putting in 12-hour days anymore, and instead tries to work between eight and nine hours. Forbes said he has made a conscious effort to try and be honest and transparent with people. 'My least favourite thing about being a real estate agent is that I'm a real estate agent," he said. "A lot of people don't like real estate agents, and I get it. You see the standard one, they are everywhere, the dude in the suit and tie who is a bit uppity and arrogant. 'I understand that. I'm a larrakin, I'm just a bloke, I'm 24 years old and I'm just here to help people.'Sign in to access your portfolio
CTV News
20-06-2025
- Business
- CTV News
Hot Properties
We look at three great properties on the market right now. Abigail Gauthier joins us from the pilon group.
