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Reeling in resilience: How fishing and real estate share a common line

By Adrian Knowles
08 May 2024 | 11 minute read
adrian knowles fishing reb eheejl

The morning sun dances on the water’s surface, casting a golden hue across the ocean’s expanse. The only sounds are the lapping waves and the gentle purr of an outboard engine. It’s in moments like these that I find clarity clarity that I believe we, as leaders in the real estate industry, must grasp to chart a sustainable future.

In my dual roles as a CEO of Harcourts Australia and an avid fisherman who relishes these dawn excursions, I can’t help but draw parallels between angling and the art of the deal. Whether I’m casting a line into the unknown depths or negotiating a high-stakes property transaction, the principles of sustainability, patience and respect for the environment are not merely applicable but non-negotiable.

A reflective moment

Sitting in my boat with nothing but the horizon in sight, my mind drifts not only to the elusive fish beneath the waves but to the steadfast perseverance required to reel in the big catch. These moments aren’t just about the sport; they represent an intersection of labour and reward, a balance that is the foundation of any fruitful pursuit, both on the water and in the boardroom.

The ecosystem economy

When I consider the ocean as an ecosystem, I become acutely aware of the role each species plays in the intricate balance of life. Similarly, the real estate market operates as a financial ecosystem, with various stakeholders contributing to its vitality. For both realms, sustainable practices are the bedrock, ensuring a legacy of value that transcends generations.

Casting for the future

In the realm of fishing, the narrative of depletion and overfishing is a cautionary tale that cannot be ignored. The lessons learnt here are poignant and directly translatable to our work in real estate. A responsible, long-term approach is not only ethical but essential for the durability of our industry and the planet it serves.

The tug-of-war on resources

Land, like the ocean’s bounty, is a finite resource. The allure of high-yield, short-term gains often results in disregard for the long-term health of our environment. We must resist this temptation and adopt sustainable building practices, championing green spaces and structures that stand the test of time.

Triaging the trophies

In fishing and real estate, there’s an undeniable thrill in landing the “trophy” be it a prized marlin or a multimillion-dollar deal. Yet, as stewards, we must exercise judgement, releasing some trophies back into their natural habitats, ensuring future growth and maintaining a healthy balance.

Charting the ethical compass

Our ethical choices today reverberate into the future. The real estate industry must veer towards transparency and ethical action, much like a conscientious angler abides by catch limits and tackle restrictions. It’s imperative that we exhibit authenticity and accountability, building trust with clients and communities alike.

An investment in moral high ground

Just as our trustworthiness as real estate professionals is an investment in our brand, choosing to fish sustainably is an investment in the integrity of the sport. These choices compound, laying the groundwork for a resilient future where business excellence and ethical conduct are synonymous.

Baiting the next generation

For the survival of any industry, the next generation must be both advocates and custodians. By instilling sustainable values from the start, we empower future leaders to innovate and adapt in harmony with our environment, establishing a legacy of stewardship and success.

Passing the rod and the realtor ethics

It’s our responsibility to mentor the leaders of tomorrow to pass down the rod, the reel, and the enduring principles that define our industries. Through our guidance, we can ensure that the next generation inherits an environment and economy that are as rich and abundant as we found them.

A united front for a brighter horizon

Fishing has taught me to appreciate the cyclical rhythms of the tide and the seasons, as well as the unpredictability that accompanies them. The real estate market shares these same elemental characteristics, and by aligning ourselves with nature’s wisdom, we can weather any storm and emerge stronger.

A call to collaborative conservation

The future of both fishing and real estate is intertwined with the health of the world’s oceans and the communities that depend on them. I issue a call to all industry professionals from fellow CEOs to the new recruits to collaborate on sustainable initiatives, to share knowledge and resources in the spirit of collective conservation.

The line we draw

Standing at the helm of two worlds, I’m acutely aware of the shared values that underscore sustainability in fishing and real estate.

In the end, the line we cast and the line we draw are not so different. They both dictate our success and our legacy. It’s time for the real estate industry to become the master anglers of sustainability, ensuring that the ecosystem we thrive in continues to flourish long after our wake.

Adrian Knowles is the CEO of Harcourts Australia.

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