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Despite the return of on-site auctions, challenges for Real Estate Agents remain

May 19, 2020

As Australia battles COVID-19, many industries are awaiting the bounce back of the economy. Real Estate is one of those. Here is a solution helping agents get business across the line.

While many believe the property industry should return as the rest of the economy does, agents argue that they are struggling to create competition due to a lack of buyers as well as a lack of properties being available to sell.

In April, the property industry experienced a 40% reduction in transactions as unemployment rose and consumer confidence plummeted to record lows. There is no doubt this lack of demand is having a negative impact on Real Estate Agents.