Despite unprecedented lockdowns, Australia’s leading property group Ray White has experienced a 19 per cent surge in buyers clicking on its networks’ sites in total.
Consumers have been quick to adapt to life in lockdown by engaging with new digital tools and content to help shortlist properties. Searches for properties for sale and rent are also increasing.
Ray White Group Managing Director Dan White said the group as a whole “is selling more than we are listing”.
“Listings have dropped but buyer numbers haven’t. Life in isolation has seen a spike in online traffic from consumers interested in property, tips, agent advice and rentals,” Mr White said.
“Appraisals can be undertaken safely under Level 3 restrictions, and we have a range of safe ways for potential vendors to come to capitalise on the fact that there is little competition from other investment markets. We know people are looking and interest rates won’t get much cheaper.
“Consumers have adapted to technology so fast, the uptake has been one of the true highlights of this incredible period. We believe this is a leading indicator to track future demand, and so we are pleased to see this influx of interest in our office websites.”
In the year to date, total users in the Ray White Group’s network of 760 Australian office sites rose 16 per cent to 6 million users, while total sessions have spiked up 19 per cent to 10 million. Sessions refer to overall usage of the sites by users, as some users will visit more than once.
On average the Ray White network has had 100 more potential visitors viewing a listing page based on the total viewers of the office sites. That’s a 59 per cent increase compared to previous year.
Ray White’s data is mirrored by the leading portal – REA – which has just reported its digital inspection video views increased 88.3 per cent in the week to April 12, compared to the first week in March, 2020.
Consumer engagement with 3D tours have increased by 285 per cent, according to REA. The leading property portal had 24.7 million property views per week in March.