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Real Estate Agents
 
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    NAME OF ORGANISATION
    Australian Bureau of Statistics (ABS)

    OVERVIEW

    The Real Estate Agents survey is conducted periodically to collect activity, financial and business details for employing businesses that primarily provide Real Estate Agent services, as defined by ANZSIC class 7720 (Real Estate Agents). In order to be coded to this ANZSIC class a business must predominantly be engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting real estate for others.

    The 2002/03 reference year will be the fifth cycle conducted by the ABS for the Real Estate Agents survey. The four previous being in 1998/99, 1995/96, 1992/93, & 1987/88. In 1998/1999, Government Valuer General organisations were included in the survey, these organisations will be excluded for the 2002/2003 survey because of the low user demand.

    The major external organisation interested in this survey is the Real Estate Institute of Australia (REIA). The REIA and various state Real Estate Institutes such as the Victorian, New South Wales and South Australian branches have had direct input into development of the collection. The various state Real Estate Institutes such as the Victorian, New South Wales and South Australian branches have also cooperated in the survey development. ABS data for this industry has been used in many ways such as:

      • Benchmarking the profitability of estate agents by size and type of business;
      • Web site usage;
      • Concentration of REI membership;
      • Analysis of state and territory differences;
    The main internal demand for this survey is from the National Accounts Branch (NAB). The outputs from this collection are required within NAB specifically in measuring the domestic supply of particular products which are used in deriving supply-use benchmarks. The 2002-03 cycle also coincides with the Input-Output (I/O) overlap with ANZSIC Sub Division 77 (Property and Business Services).

    PURPOSE
    The main purpose of this collection is to provide an overview of the structure, operation and characteristics of businesses that predominantly provide Real Estate Agent services. This information is used in the compilation of Australia's National Accounts, and by industry bodies, government, researchers and others to understand how these businesses operate and how they would be affected by changes in policy or other conditions.

    SCOPE
    2002-2003
    The scope of the collection was all employing businesses on the Australian Business Register mainly engaged in valuing, purchasing, selling (by private auction or treaty), managing or renting real estate for others, as defined by Class 7720 of the Australian and New Zealand Standard Industrial Classification (ANZSIC).

    SISCA 3000 and 6000 units were excluded.

    DATA DETAIL

    Conceptual framework
    n/a

    Main outputs

    The tables in the publication include data:

    • sources of income
    • items of expenditure
    • characteristics of employment
    • main occupation of persons employed
    • selected statistics by employment size groupings
    • selected performance ratios
    • State and Territory comparisons

    Additional data will be published for 2002-03 specific user requirements:
    • Professional indemnity insurance premiums;
    • Levels of professional indemnity cover;
    • Level of professional indemnity excess cover;
    • Advertising expenses on behalf of clients; and
    • Repair and maintenance expenses on managed property.

    Classifications
    The Australian Standard Industrial Classification (ANZSIC) has been used to classify units to ANZSIC class 7720 - Real Estate Agents. That is, units mainly engaged in valuing, purchasing, selling (by auction or private treaty), managing or renting real estate to others.

    The Australian Standard Classification of Occupations (ASCO) has been used to classify occupation data.

    The Australian and New Zealand Standard Product Classification has been used to provide a basis for recompiling basic product statistics from their original classifications into a standard classification for analytical use. All product components have been mapped in ANZSPC.

    Other concepts (summary)


    GEOGRAPHIC DETAIL
    Australia
    New South Wales
    Victoria
    Queensland
    South Australia
    Western Australia
    Tasmania
    Northern Territory
    ACT

    Comments and/or Other Regions
    2002-2003
    Not applicable


    COLLECTION FREQUENCY
    Adhoc

    Frequency comments
    Not applicable

    COLLECTION HISTORY
    The survey was first conducted in respect of 1987/1988, and repeated in 1992/1993, 1995/1996 and 1998/1999.

    DATA AVAILABILITY
    Yes

    Data availability comments
    Data will be available in publication: 2002-03 Real Estate Services, Australia (cat. no. 8663.0).


    DATE OF LAST UPDATE FOR THIS DOCUMENT
    16/09/2004 11:23 AM



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