The Australian government has introduced strict social safety measures to try and slow the spread of COVID-19. One of these measures is that all open homes are now canceled. These are important changes to protect the health of our society, but obviously this can have a massive impact on showing your listings.
New trust accounting legislation comes into place on the 23rd of March 2020 for NSW. There are a number of changes to the way most will need to run their real estate offices.
Starting your own real estate business may be the most financially and personally rewarding thing you will ever do in your life. With drive, passion, and a little bit of help, you could end up with the income and work-life balance of your dreams.
There is no doubt that Artificial Intelligence is improving in every aspect. Whether it be in everyday technology or in business, the changes in AI are clear to see if you know what you are looking for.
Keeping track of KPI’s in any business is a difficult task, and when you are in big business it becomes such a huge task that you require either a dedicated team to keep track or amazing software that will do the job for you.
When it comes to selling your home, you will probably ask yourself the age-old question about having to spend money to make money. In the real estate market, it is vital that you spend the money on the right things when getting your home ready for sale.
5G is the next major step which will advance the mobile and internet networks to a place we have never seen before. Our current 4G mobile capacity and networking speeds are somewhat limited, and the 5G network will have capabilities 1000 times what we have now.
Bitcoin’s rising mainstream appeal is opening up innovative avenues for the housing market to entice a new type of customer, and other cryptocurrencies are starting to build momentum within the real estate industry. The industry is already trialling the use of digital currencies to pay for things like services, rent, services and sales deals.
Facebook recently made a big announcement about changes on how the news feed will soon work, and a lot of questions have been raised about what it means for real estate agents and brokers.
There is no doubt that the slowing of the property market has a major impact on real estate business. One of the biggest things, is that during a boom, there’s a number of new businesses that start out with the hopes of taking a slice of the market. When the market slows, that means more businesses fighting for clients – making competition tougher than ever before!