01 February 2023
We’re delighted to announce that Cunninghams have been named #30 in the REB Top 50 Sales Offices 2023 ranking! This benchmark identifies Australia’s top-performing real estate teams and recognises the hard work, dedication, and achievements of sales offices across the country who pushed their local markets forward. It’s an honour to be part of this prestigious ranking through a more a challenging year in our local real estate market.
Managing Director John Cunningham was thrilled with the announcement, praising the team for their hard work and resilience through a challenging period. “Navigating a post boom market during the first half of 2022 was difficult, however as usual our team banded together and focused on our clients to ensure their real estate transaction was more than just that. Our client experience levels have never been higher and I think this high ranking reflects that.”
Now in its 11th year, the annual rankings set the national benchmark in identifying Australia’s best real estate teams and offices consistently achieving excellence, guiding vendors and buyers through a property market boom, and ensuing skyrocketing demand as buyers rushed to take advantage of a low interest rate environment in the 2021-22 financial year.
The Top 50 Sales Offices rankings is an initiative of leading industry brand Real Estate Business (REB) and is powered by Momentum Intelligence, the research arm of parent company Momentum Media.
To compile the rankings, REB asked agents to provide their number of listings and settlements, total value of settlements, average days on market between 1 July 2021 and 30 June 2022, and number of staff as of the end of the 2022 financial year.
The rankings were determined using three of the following measures individually ranked to the entire submission cohort:
• Total value of settlements
• Total number of settlements
• Efficiency rate (total number of settlements divided by number of sales-focused staff including sales support)
Each measure ranking was then compiled with equal weighting to determine the final ranking of each office.
Reflecting on this year’s ranking, REB editor Grace Ormsby acknowledged the unique set of circumstances that real estate agents across the country were operating within across the assessment period.
“The pandemic-fuelled boom saw many agents take on opportunities they would not have had otherwise – and this year’s figures point to that.
“In essence, this makes the 2023 ranking an even more elite list. My congratulations to every single office who has made this year’s ranking. These efficient operators have set the bar for what the future of real estate will be.
All data was verified by Momentum Intelligence to ensure accuracy.
