Buyers exposed to more properties with realestate.com.au upgrade

Buyers exposed to more properties with realestate.com.au upgrade

Buyers exposed to more properties with realestate.com.au upgrade
22 June 2015 by Staff Reporter 0 comments

REA Group has created a new search tool to help house-hunters uncover suburbs they might not have considered.

Discover, which has been added to realestate.com.au, is designed to make it easier for buyers to find homes suited to their lifestyle and budget.

Buyers enter a preferred suburb and monthly repayment – and are then presented with listings in a range of suburbs based on median prices and lifestyle demographics.

For example, a Sydney buyer looking for a one-bedroom apartment in Leichhardt with monthly repayments of $2,500 and a 20 per cent deposit would be invited to also look in Stanmore, St Peters, Forest Lodge and Annandale due to their high similarity rating.

A Melbourne buyer looking for a one-bedroom apartment in Abbotsford with monthly repayments of $2,000 and a 20 per cent deposit would also have Fitzroy North, Clifton Hill, Brunswick East and Carlton North suggested to them.

A Brisbane buyer looking for a one-bedroom apartment in New Farm with monthly repayments of $1,600 and a 20 per cent deposit would also find Kangaroo Point, Spring Hill, Milton and West End recommended.

REA Group chief digital officer Henry Ruiz said Discover makes it easier for buyers to understand which suburbs could meet their budget and lifestyle needs.

“By encouraging property seekers to expand their search area, agents have more opportunities to reach potential buyers,” Mr Ruiz said.

[Related: REA Group unveils next-gen marketing]

promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2016

With a combined sales volume of $13 billion in 2016, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
REVEALED: The 10 best agents in Australia for 2017

For the first time ever, the top 10 agents in the REB Top 100 Agents ranking are revealed in this exclusive podcast. ...

View all podcasts

Are dodgy agents being punished enough?

Yes (8.6%)
No (55%)
Only in some states (2.3%)
Not all dodgy agents are being found out (34.1%)

Total votes: 220
The voting for this poll has ended on: April 15, 2017
Do you have an industry update?