Real estate agents face constant stress whether markets rise or fall. About 20% left in the 1990s, and New South Wales had 35,000 licensed agents during the GFC and COVID. After the pandemic, more joined again, but the pressure never really leaves.
You have attrition even in an up market. Oh, I can't take the stress. Now it's stress of a different kind. I can't take the pressure going up. I can't take the stress coming down. It's really fascinating. 20% dropped out of the market as licensed agents in the '90s. Interestingly, when we had the GFC slash COVID, there was 35,000 licensed agents in New South Wales. Not an exact number, but they're in and about. And if anything, after that, things went up in the industry. More people joined off the back of the COVID boom.
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