A market entering a state of flux?
Having seen significant growth in terms of volume of transactions and property prices in the past few years, emerging market trends, banking and banking regulatory behaviours and foreign investment profiles are leading industry experts to widely predict a slow-down in the Australian property market in the coming years. Although near term opportunities do remain, realtors are likely to face some tough challenges in the mid to long term.
As with most industries, the three key strategic pillars for most realtors are revenue growth, cost reduction and meeting your regulatory obligations. As the Australian real estate market changes over the coming years, how you able to effectively direct and structure your business across these three pillars will be key to your success.
Download PDF:Novon – Data in Real Estate 2015