After the Australian Government shut down public auctions last week, the REA Group has teamed up with the AuctionNow platform to try to keep the wheels of the property market wheels turning during the COVID-19 crisis through online auctions.
Core Products General Manager, Tim Bradley was quoted as saying “We’ve had an amazing response to the launch of Digital Inspections with almost 30,000 active Buy listings on realestate.com.au now featuring a virtual tour of properties. Online Auctions is another user-friendly feature to cater to today’s new operating environment.”
Around the world we have seen collaboration between portals and proptech companies offering solutions that allow the property industry to overcome social isolation. Spanish #1 portal, idealista today reported an increase in demand for virtual tours on its platform, and as we reported yesterday, virtual tour provider, Matterport has seen a 600% increase in 3d camera sales.
Could the online auction model taken up by realestate.com.au be the next big thing for portals? Watch this space...
The Spanish real estate portal Fotocasa has launched a tool that lets its users search for properties by the time...
Read More
The market-leading U.S. real estate portal Zillow has announced a redesign of its listing pages. According to a press release,...
Read More
The latest news to come out of Costar's expected acquisition of UK agent-owned portal OnTheMarket has raised a couple of...
Read More
The BetterHome Group has increased its shareholding in the South African real estate portal Private Property. According to a report...
Read More
