Friday, 25 November 2016

Internet and Real Estate

There is no doubt that the internet has revolutionized the way we work and do businesses. Online business models are now emerging in a range of industries that previously involved bricks and mortar investments. But how much it has impacted on real estate? There you can have your thought process. The rise of online music stores such as Apple, iTunes, or book stores such as have emerged as new threats to existing bricks and mortar retailers.

The power of the internet as a selling tool its ability to quickly search and find the information required by the customer and make use of appropriate database management systems to accurately match the consumers requirement.

Melbourne’s residential property stole some of the limelight from Sydney in 2014-15.This only because the buyers are now getting involved in internet stuffs, they are aware of their vicinities. Are retailers following? Yes, but there have been some interesting shifts in the Melbourne retail property market. It is been an interesting year for the Melbourne retail property market. Low interest rates helped fuel demand for housing in 2014, but the falling Aussie dollar and an influx of foreign tourists and bringing luxury brands to Melbourne. In 2015 there has been backlash against the high rents on Collin streets. There is enough contribution with luxury brands as well. Luxury brands rely on tourists for steady sales and tourism is surging in Melbourne. In 12 months to September 2014. Of those, more than 365,000 were Chinese tourists.        

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