Online

Australians have been staying at home on and off during the intermittent lockdowns&nbsp;and for homebuyers, this means a delay, sometime indefinitely, in purchasing property.

However, data in both the first Melbourne lockdown&nbsp;and beyond shows&nbsp;that online visits and enquiries of property listings have surged by over 50%.

Here at Urban, we have compiled a list of questions so prospective buyers can get a handle on what they should be asking agents during online inspections. This is useful both during lockdown and for properties available for purchase off-the-plan,&nbsp;or available across state or national borders&nbsp;when in-person inspection may not be possible.

For a more <a href="https://www.urban.com.au/guides/the-ultimate-off-the-plan-guide-5-property-experts-share-advice-for-buying-a-new-apartment-or-townhome" target="_blank">in-depth guide on off-the-plan</a> buying check out our expert guide.

1. What&#39;s the cost per square metre for each floorplan configuration? (make a note of this and compare to other properties you virtually view)

This is vital information to compare the value of the property to others in the area as well as the suburb/region you are looking to buy in. It is&nbsp;important&nbsp;to make sure you are buying a property that suits your needs and has room to grow, one marker of such potential is if the $/psqm is below median for the area, however it isn&#39;t the be all end all

2. When is construction slated to start/be completed?

Construction projections are important information as it will have an effect on how long you may rent or choose to settle on your current property. Ensure the builder/construction firm is reliable and has a good reputation to reduce the likelihood of delay.&nbsp;

Keep in mind that some delays may occur if a coronavirus outbreak occurs.&nbsp;

[smartcode_project:default project_id=5806 project_image_fid=168936]

3. Which items within the display are included and which are optional upgrades?

Straightforward enough, make sure you don&#39;t get blindsided and chuck out your old washer/dryer just because the display suite has one, double check with the agent to see what is supplied by the developer as some offer white-goods packages and optional deals.

4. What customisation option do you have available?

Depending on the design firm and developer, some firms offer a higher degree of customisation, this tends to increase linearly with price as the more expensive the property is, the more customisable it generally is. Either way you should ask as many developments offer at minimum a choice in colour pallete&nbsp;and fittings&nbsp;

[smartcode_project:default project_id=5559 project_image_fid=88241]

5. What&#39;s the ceiling height? (compare this to your own ceilings at home)

While this many not mean as much to someone who is 150 cm tall, for prospective basketball players... and everyone else, it&#39;s worth knowing ceiling height as this can impact whether the home feels claustrophobic or spacious and airy regardless of your personal height.

6. Which aspect does the particular apartment I&#39;m considering buying face? (take note of where the sun is throughout the day in your own home)

This is important for natural light purposes, as well as potential views as some apartments will offer a better aspect than others.

[smartcode_project:default project_id=22034 project_image_fid=170355]

7. Who built the display suite and will they be constructing the actual apartments/townhomes?

A vital point of note is the builder, don&#39;t misunderstand something because of an unrealistic display suite.

8. If taking a virtual tour, ask the agent to zoom in on details so you can see the build quality

If the builder doesn&#39;t put their best foot forward with the display suite, it is worth asking the agent about it and whether other properties you have looked at demonstrate better build quality or detailing.

Here at Urban, we have compiled a list of questions so prospective buyers can get a handle on what they should be asking agents during online inspections, useful both during lockdown and for those buying out of state or internationally

jordan_55689

What to ask agents when being taken through a display suite online

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SPONSORED POST
It comes as no surprise that Australians are spending more time online than ever before. But as technology becomes even more entrenched in everyday life, how and where are we spending that time?
Recent data shows our web habits are changing rapidly as our devices become faster and smarter, with print readerships now in significant decline and more consumers looking to digital as their first source of news and information. And nowhere is this more apparent than in the commercial property space.
Online explosion
Global information firm Nielsen, in its latest Digital Landscape Report, reveals the average Aussie user spent a whopping 72 hours surfing the web in January. That's a whole three days online per person, with an astounding 19.7 million Australians actively surfing online.
“Consumers are increasingly connected online, both in and out of the home,' says Nielsen consumer insights associate director Kate Kopczynski. “Whether they are grocery shopping, watching sport, studying, commuting to work or connecting with friends — these are no longer purely offline experiences.”
Commercial property at the forefront
Nowhere is the online medium's growing dominance better illustrated than on realcommercial.com.au, which has recorded staggering year-on-year growth in the number of users on phones and tablets. People used a phone 997,000 times to access listings on realcommercial.com.au in March this year – a 144 percent year-on-year increase – while more than 218,000 users accessed realcommercial.com.au on a tablet – a 56 percent jump on March last year.
Mobile phones now make up 42 percent of realcommercial.com.au visits alone, and this stunning growth is set to gain further pace as print readerships continue to fall away.
The way of the future
The pace of Australia's digital transformation is such that the landscape is now barely recognisable from where it was just a few years ago. Today, the latest advancements in the commercial property space are centered on technology that knows buyers and consumers better than they know themselves.
Gone are days of sifting through hundreds of properties in a newspaper or online – now it's less about consumers finding the right listings and more about the right listings finding consumers.
This type of 'artificial intelligence', new to the commercial property industry, is designed to put buyers' and sellers' eyes on more of the properties they're interested in, and will forever redefine what it means to list a commercial property online. Watch this space for two exciting <a href="https://www.realcommercial.com.au" target="_blank">realcommercial.com.au</a> products set to change the way we market commercial property.
For more information, <a href="https://www.realcommercial.com.au" target="_blank">click here</a>. 
ABOUT REALCOMMERCIAL.COM.AU: realcommercial.com.au is the leading website in Australia for commercial property, attracting an average of 1.7 million visitors a month (Source: Nielsen Online Market Intelligence, Total Traffic, average calculation May-July 2015, includes app traffic from Omniture Site Catalyst as Nielsen doesn’t report on app). It is owned and operated by realestate.com.au Pty Ltd, a subsidiary of ASX-listed REA Group Limited ACN 068 349 066 (ASX:REA).
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jchancellor-FAypfDUnLy

What is the way of the future for commercial property?

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The Block NZ season finale saw a buyer place a winning bid on one of the renovated properties via the real estate auction app, Gavl.  
It enabled the buyer, Mike Wyeth, to secure the property from the comfort of his home, which went under the hammer for $921,500.
The live grand final of Three’s The Block NZ was a <a href="https://www.urban.com.au/news/89350-the-block-new-zealand-brings-in-live-online-bidding-for-finale-auctions" target="_blank">first for any reality television show</a> in Australia and New Zealand for an absentee buyer winning while watching from their own home. 
Gavl (<a href="https://www.gavl.com/" target="_blank" data-auth="NotApplicable">gavl.com</a>) is the world’s leading platform for real estate auction live streaming and bidding and the official digital auction partner for season seven of The Block NZ.
One of the renovated properties on the program – 25 Frances Bryers Road in Hobsonville, Auckland – attracted four registered bidders as they bid online through Gavl. 
During the live auction, Gavl representatives at the auction site announced the bids of all registered online Gavl bidders.
Gavl bidders watched the auction live through the app and were able to see the current bids displayed on their screen. 
Following a bidding war between the buyers in the room and those bidding via Gavl, the property sold under the hammer for $921,500 to a buyer through Gavl.  
Earlier in the evening two bidders via Gavl went head-to-head on Amy and Stu’s property, before it was knocked down to a buyer in the room.
Gavl’s live auction bidding function enables property buyers to watch and make bids at auction in real time from anywhere in the world – giving sellers a broader auction audience.
 It’s patent-pending platform is the only available technology dedicated to the real estate industry that live-streams events with a one second latency – including Facebook Live.
 
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j.ballantyne1990-6AQqhLzZaK

Gavl secures Block NZ buyer from comfort of home

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In the last six weeks the Ray White group mobilised its 400+ strong corporate staff and moved its entire training calendar online in response to the lockdown in New Zealand and Australia.
The combined group has already held some 200 sessions and had almost 15000 attendances, including 5000 in New Zealand alone.
Ray White Head of Performance Adam Downes said the online training program was yet another innovation born of the COVID-19 period.
“I think it’s here to stay too in some form. Obviously the convenience of live-streamed training is a big one but we were able to unlock our talented national trainers too. Our members have always had a big appetite for training and development but we turned it on in a frequent format - one the hour, every hour.
“I am also really happy with the numbers tuning in. There’s no expectation or requirement that people log in but we are here if they need us.”
The best sessions by way of attendance and engagement were the ones held by the group’s in-house Profit Team, Property Management plus every session with chairman Brian White and managing director Dan White.
It’s been a challenging few months but Ray White’s corporate team of 17 accountants have provided a life-line to many hundreds of franchises during this stressful pandemic period - another popular series for on-line training.
Led by Chartered Accountant Luke Richardson, the team quickly drew up cash flow templates for all businesses who needed support.
“Our first webinar had 400 people on the session and we handled hundreds of calls. You could say I am ‘JobKeepered out’ now as a lot of people have now lodged, and are in the middle of that process,” Mr Richardson said.
“We worked out what we had to do quickly and we’ve become experts in working with the ATO.
“But some people may never know that we have our own specialist tax expert in Rebecca Everingham - our tax manager in Ray White Corporate - and that she helped many businesses apply for support on an unconditional basis. To have an in-house tax expert at Ray White has been gold.”
Ray White Canberra CEO Ben Faulks said many real estate operators had been operating “from a place of fear” in the last six weeks which created inertia.
“If the head goes in the sand then many people, just stop. But this period has been all about opportunity for us. We run a sales business and our energy has been all about finding buyers for our vendors.
“We are not ATO tax experts or HR experts, so the support and guidance from Ray White has been invaluable.
“I work with a lot of other principals in the industry and something that has stood out for me is the dealings we have had with corporate generally, and Dan White and our CEOs were fast out of the blocks with high quality information.
“On the back of that, our relationship with the profit team helped us to tick all the boxes to help us forecast our cash flow position to see if we’d be eligible for JobKeeper. These were worries that were literally keeping me up at night.
“Ray White Corporate had the answers which helped us to focus on listings and auctioning and run our real estate business.
“We have a team of 10-15 JobKeeper experts now across the company.”
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Ray White receive online training with open arms

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Total Real Estate Training, the organisers of The Australasian Real Estate Conference (AREC) and real estate coach Tom Panos kicked off a series of four free webinars, drawing a massive crowd from anxious estate agents around the country.
John McGrath, founder of AREC said, “COVID has forced us all to innovate and our online event today was a great example of leveraging technology to enhance customer experience. And when the people can’t get to AREC we have to bring AREC to the people. Feedback was incredible with over 4,500 people glued to their screens for the first of four Legends of Real Estate sessions."
The one hour session featured three outstanding agents who gave personal insights and strategies on how to achieve results today, but importantly post Covid.
Today’s session shared simple tips around inner strength, longevity and building relationships that make ‘clients for life’. The speakers were: Phil Harris - Harris Real Estate, SA; Tracey Dixon - McGrath Estate Agents, Hunters Hill, NSW; and Cathy Baker – Belle Property,Central Coast, NSW.
The big conference to inspire estate agents held annually during winter's quiet listing period, had been postponed due to the rules regarding gatherings.
The US best seller Ryan Holiday was set to open the Australia Real Estate Conference (AREC) giving insights to the near anticipated 3000 attendees from his book topic, Ego Is The Enemy.
The big drawcard was set to be entrepreneur Elle 'The Body' MacPherson who was scheduled to fly in from her Florida base to close the two day June event.
Nichola Byrne, General Manager of Total Real Estate Training, said that initially they anticipated registrations of 3,000.
“Currently there are many learning events being offered, however in these challenging timeswe felt it appropriate to give back to the industry, and as a goodwill gesture we wanted to offer these webinars free of charge,” she said.
Last year's conference was impacted with McGrath and AREC founder John McGrath confirming the low listings, pre-election market shakedown resulted in fewer agents at his longtime income producing trading conference, AREC19.
The two-day conference returned for the eighth year to the Gold Coast Convention and Exhibition Centre last June.
AREC has been a source of revenue for the estate agency.
It was opened last year by sales entrepreneur and bestselling author Todd Duncan, who has written 17 books including New York Times bestsellers Time Traps: Proven Strategies for Swamped Sales People and High Trust Selling: Make More Money in Less Time with Less Stress.
McGrath has told trade websites the current market shakedown.
“Chaos creates opportunity if you will,” he advised last year. 
Mr McGrath said that the greatest risk to the industry was resistance.
“Change will be a major theme and how to embrace it.
"Whilst we will have our traditional hand-picked group of real estate superstars, we have also a larger-than-ever group of agents working traditional suburban markets producing phenomenal results.
“No longer do you have to work in Toorak or Double Bay to write $2 million in fees and our speakers will demonstrate that.”
Click here to access <a href="https://tompanos.ontraport.com/c/s/5jN/sgxZP/6/s7y/xwy/6iqk8x/zonDyg5tFJ/P/P/sL" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">AREC 2020 - Legends of Real Estate</a> (part 2/4):
<ul>
<li><a href="https://tompanos.ontraport.com/c/s/5jN/sgxZP/s/s72/xwy/6iqk8x/6IaLPyv72z/P/P/sL" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Peter Chauncy</a> - McGrath Estate Agents, NSW</li>
<li><a href="https://tompanos.ontraport.com/c/s/5jN/sgxZP/v/s78/xwy/6iqk8x/CZZaQvO0c/P/P/sL" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Josh Tesolin</a> - Australian Real Estate, NSW</li>
<li>
<a href="https://tompanos.ontraport.com/c/s/5jN/sgxZP/z/s77/xwy/6iqk8x/vl6XBTTyPC/P/P/sL" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">Lisa Novak</a> - Novak Properties, NSW  </li>
</ul>
The speakers for <a href="https://tompanos.ontraport.com/c/s/5jN/sgxZP/U/s7q/xwy/6iqk8x/YjvcrRMMk/P/P/sL" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">AREC 2020 (part 3/4)</a> will go LIVE at 10:00am AEST today:
<ul>
<li>Tanja Neven-Jones - O'Brien Real Estate, VIC</li>
<li>Simon Caulfield - Place, QLD</li>
<li>Matt Lancashire - Ray White, QLD</li>
</ul>
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AREC webinar draws 4,500 estate agent crowd

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The Ray White group will host its first live online auction in Sydney when an inner city apartment in The Rocks goes to April 8 auction.
The agency has been operating live online auctions since 2014 in Queensland, the only real estate network to currently offer this service to buyers and sellers.
Since allowing people to log on and participate in a live auction from anywhere in the world, auctions have seen participants as far as Europe, the Middle East, China and the United States.
Ray White joint-chairman Brian White said the tool has proven to be an "extremely effective way to sell property."
What's billed as Sydney's first true live online auction is a one bedroom apartment at <a href="https://www.raywhite.com/nsw/sydney/1437087/?lang=en" target="_blank">2102 Quay West Gloucester Street</a>, with $700,000 plus hopes through Ray White Sydney CBD agent Michael Lowdon. Sydney's first test run dates back nearly two decades ago.
The first online auction trial was held in 1998 when McGrath Estate Agents offered a Surry Hills terrace. 
There was one online bidder but the property sold for $455,000 to an auction attendee.
Brian White said over 17,000 viewers haved watched the auctions online.
The Rocks property will be auctioned in Ray White's in-room auction room on April 8.
This article was first published in the Sunday Telegraph. 
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jrobinson-rf4aSBido9

Ray White to host first live auction

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Lynden Griggs, University of Tasmania and Rouhshi Low, Queensland University of Technology
<div class="content" data-raw="">The paperless property market is now a reality and it could provide a faster more efficient sales. But it’s unlikely any consumers will be using the system themselves.</div>
<div class="content" data-raw="">
Paperless house sales are now a reality but it might be some time before we’ll all be buying and selling property online.
The electronic system, Property Exchange Australia or PEXA, set up by financial institutions and a number of state governments, changes conveyancing of real estate in a way not seen since the introduction of title by registration in the mid-1800s.
What this transition achieves is a remote electronic based system for the buying and selling of land. The new process from contract to settlement can be paperless. The only physical aspect of the transaction involved the vendor moving out, the purchaser moving in, and the stakeholders, such as mortgagees and conveyancing agents entering keystrokes on a remotely maintained work space.
<h2>How PEXA works</h2>
Once the parties enter into a contract for the sale of real estate, an online work space is created through PEXA, whereby relevant information is populated by all stakeholders who retain password verified access to the site.
Instead of the buyer and seller signing forms to be lodged at land titles offices, agents on behalf of these parties (such as conveyancing agents) will digitally sign on their behalf. Overseeing this is the Australian Registrars National Electronic Conveyancing Council a regulatory agency providing guidance and oversight through operating and participation rules.
These rules govern the relationship between the PEXA operator and the land title registry, as well as the electronic lodgement operator and direct participants such as conveyancing agents and financial institutions.
At the moment only conveyancing agents and other subscribers such as financial institutions can lodge online and have direct access to PEXA. To facilitate the use of the system, some land contracts now require that the conveyancing be done through PEXA.
In the foreseeable future its unlikely that the consumers will be able to use PEXA themselves. The cost and impediments to obtaining access are only feasible for someone engaging in transactions on a routine basis.
In theory, the system should reduce costs and unintentional errors through embedding checks in the process of lodging these forms. Currently the paper-based system is arguably more prone to human error, though computer systems depend greatly on the security that sits behind them and the mistakes potentially made by the keystroke operators.
From the point of the real estate industry, it increases productivity and can provide simpler and easier access to real-time data in relation to the property and to the state of the transaction.
Because money is transferred electronically within moments of the settlement occurring, it reduces the current gap that occurs between settlement and registration within paper-based systems. The new system should streamline the complex legal problems that can sometimes occur in transactions.
It should help resolve a category of irreconcilable legal decisions around the priority between two unregistered interests, where there’s one interest in a property and a second interest is also created in the period between settlement and registration. At the moment, judicial bodies resolve these on a case by case basis, but with PEXA reducing the gap between settlement and registration, the opportunity for these sorts of conflicts should disappear.
<h2>Risks of paperless property exchange</h2>
The first sale using PEXA has already occurred with the five largest states already using the system.
But with any development comes risks. At its heart conveyancing requires that a purchaser be able to identify the vendor, verify that the vendor is indeed the owner of the land, and finally, confirm that this vendor has the right to deal with that land and is not constrained by others (such as a mortgagee). These requirements are key to preventing identity fraud.
PEXA’s response has been to impose significant identity verification requirements that can exceed the well-known 100 point requirements to open a bank account. Purchases by overseas parties have had significantly greater requirements for identity verification imposed upon them.
However identity fraud will continue to pose a threat in the PEXA environment if users are not vigilant in complying with these enhanced identity requirements. There may also be risks in the movement of funds at settlement. Because this occurs electronically, the capacity to cancel cheques paid in settlement before these cheques are cashed will disappear.
The risk of a person accessing the computer system fraudulently and altering multiple records is palpable.
At its heart, what this new era does is reallocate risk. Lawyers, conveyancing agents, mortgagees, assurance funds and land title registries have for close to 150 years of private law jurisprudence on title by registration developed a complex series of rules governing this allocation.
The new dawn of electronic conveyancing will inevitably provoke new jurisprudence with the stakeholders jousting for position. Whoever emerges with the least amount of risk attached to them will be a powerful player in this new paperless property market.
To read more from The Conversation, <a href="https://theconversation.com/explainer-how-the-paperless-property-market-works-62109" target="_blank">click here</a>.
</div>
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How the paperless property market works

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Bribie Island in Queensland is hosting an auction which will allow interested parties to bid from their own homes using broadcast technology.
Ray White's in-room event on the island is set for nine properties.
It will incorporate live online bidding.
Kris Bradford, Ray White Bribie Island principal said it was an event of firsts.
“The auction will be telecast in real time and with real bids,” Bradford told Domain Group.
Bradford said they still expect 60 to 70 people to come out despite the option to bid from home.
“I don’t think numbers will change just because people can bid online – but I do think we’ll get a big increase of viewers.” 
Ray White agent Julian Ellis has six of the nine properties.
The <a href="https://www.realestate.com.au/property-house-qld-white+patch-115192579" target="_blank">130 White Patch Esplanade</a> property has had the most attention from buyers.
<img src="/images/2016/11/01/Esp.jpg" alt="" width="395" height="200">
It’s on 2000 square metres on the water.
The listing for <a href="https://www.realestate.com.au/property-house-qld-bongaree-122684258" target="_blank">3 Miramar Street</a> suggests a recent sales contract crashed and the house must be sold.
<img src="/images/2016/11/01/ESPLANADE.jpg" alt="" width="394" height="234">
The nine properties that will be auctioned on November 18 are:
<ul>
<li>
<a href="https://www.realestate.com.au/property-house-qld-white+patch-115192579" target="_blank">130 White Patch Esplanade, White Patch</a> </li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-bongaree-122684258" target="_blank">3 Miramar Street, Bongaree </a></li>
</ul>
<ul>
<li>
<a href="https://www.realestate.com.au/property-house-qld-bongaree-123456450" target="_blank">24 Gidya Avenue, Bongaree</a> </li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-bongaree-123905970" target="_blank">58 Wattle Avenue, Bongaree</a></li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-banksia+beach-120701565" target="_blank">29 Dianthus Avenue, Banksia Beach </a></li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-bellara-123825930" target="_blank">50 Bellara Street, Bellara </a></li>
</ul>
<ul>
<li><a href="https://www.realestate.com.au/property-house-qld-woorim-123875686" target="_blank">24 Arcadia Avenue, Woorim </a></li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-banksia+beach-123946102" target="_blank">15 Avon Avenue, Banksia Beach</a>
</li>
<li>
<a href="https://www.realestate.com.au/property-house-qld-banksia+beach-122952178" target="_blank">10 Magdalena Court, Banksia Beach</a>
 
</li>
</ul>
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Bribie Island auction allows parties to bid online

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Home buyers and sellers will now be more informed during the settlement process, thanks to a new online directory that increases accountability and transparency in the conveyancing industry.
Launched by information provider GlobalX, OzConveyancers enables property consumers to locate property settlement professionals, review their experience, compare prices, and access stamp duty information all on one online platform.
GlobalX CEO Peter Maloney said OzConveyancers is Australia’s largest online directory of registered conveyancers, and is completely free.
“OzConveyancers.com.au provides simple, geographically-targeted information to consumers, helping them find the most appropriate, best-priced conveyancer in their local area,” said Mr Maloney.
“It also allows Australia’s 6,000+ conveyancers to list their business online for free, be searchable at any time, and in direct contact with property consumers in their region,” he said.
OzConveyancers Product Manager Nippa Ekanayake said the new website filled a gap for professionals, and buyers and sellers.
“We’ve known for some time that there is a lack of information and accessible technology available for people in the initial stages of buying and selling a home,” Mr Ekanayake said.
“Sure, conveyancers provide valuable information on available searches and help ease the settlement process, but these insights come after someone has engaged a legal professional to represent them.
“The benefit to consumers is <a href="https://ozconveyancers.com.au/" target="_blank">Ozconveyancers.com.au</a> is a one-stop-shop for conveyancing information.
This allows users to easily compare local businesses to find the best deal without any fees, or commissions paid to our organisation.”
OzConveyancers currently profiles more than 2,500 conveyancers who can list their business at no cost for increased market exposure.
“Most Australian conveyancing businesses are very small; they don’t have an online presence nor time for marketing, so, by offering a free listing on the site we’re boosting their accessibility and credibility, as well as delivering more decision-making information to the consumer,” Mr Ekanayake said.
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Property 101: GlobalX launch OzConveyancers

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National online property agency iBuyNew (IBN) has been named on a list of Australia’s top 100 fastest growing start-up businesses.
It comes just weeks after listing on the Australian Securities Exchange.
Companies listed on BRW Magazine’s Fast Starters have operated for less than four years.
It has also made a turnover of at least A$500,000 in the last fiscal year with higher revenue than the previous year, have less than 200 full-time employees and more than one main customer.
IBN CEO Mark Mendel said the company, which specialises in off-the-plan sales, was delighted to be recognised by BRW’s annual Fast Starters list.
IBN ranked 54th place.
“This is a great acknowledgement for IBN and the hard work of our sales and marketing team who provide a service that people need to guide them through the complexities of buying off the plan,” he said.
“Demand for our service is increasing with record website traffic. We are now really focused on what needs to be done to deliver the results we are looking to achieve in 2017 and beyond.”
IBN this year launched a house and land division, but is currently more active in apartment sales.
The company also recently acquired 100 per cent of Melbourne-based property research advisers Nyko Property Pty Ltd.
IBN delivered new property sales worth $18.1 million in the 2016 September quarter.
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