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Most Australians deal with a real estate agent only a handful of times in their life. That makes the truth about real estate industry structure hard to learn from experience alone. Agents are not villains, and they are not neutral helpers either. They are licensed professionals paid to do a specific job, for a specific client, and understanding that one fact changes how you should read every...

Ask people at a barbecue what they think about property and the conversation rarely runs dry. Australians talk about real estate the way other countries talk about football or the weather. It comes up at dinner, on the news, and in almost every family's long-term plans. There are real, measurable reasons behind this. Between stable ownership rates stretching back decades, the sheer size of...