Digital inspection tool proves a property boon for REA website

first_imgThe REA Group’s chief sales officer, Kul Singh, said the property market was still open for business.“We’re doing everything in our power to support them and the long-term success of the industry,” he said.Latest figures from the REA Group show just how popular the tool is becoming in Queensland. Of the 8746 active ‘buy’ listings with a video on the realestate.com.au site, 6910 have been uploaded since the virtual inspection tool was made available. Almost all of the 1897 active ‘rent’ listings with a video have been uploaded using the tool. Public health orders issued in Queensland last week banned the use of public onsite auction and open houses.More from newsThe Camira homestead where kids roamed free28 May 2019Riverhills records highest median price jump in the Centenary Suburbs3 May 2019Agents can still conduct private inspections and live-streaming of auctions is allowed, but the use of technology has become a lifeline for the multi-billion dollar real estate industry.Realestate.com.au chief economist Nerida Conisbee said the ban on open inspections and public auctions hasn’t significantly impacted listings so far.“Buyers are still out there and the property market has definitely not shut down,” she said.While there has been a small drop in search activity, visits to the ‘buy’ section of realestate.com.au are still up compared to the same time last year. A growing number of buyers are turning to technology in their quest to find a dream home. And sellers are joining them using virtual inspections to showcase their properties online.Last month realestate.com.au launched a virtual inspection tool, which allows agents to use videos to showcase listings to buyers and renters.The new feature appears under ‘inspections’ in buy and rent listings on realestate.com.au and also through its app. RELATED Open for inspections go digitallast_img

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