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How the internet is transforming real estate Auckland – October 2009
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The internet is transforming real estate
Boom or Bust – everyone has an opinion
Property Prices – Comparison to UK
Property Prices - rebounding
Sales volumes still subdued
Information is key – but property is not just an investment Access to accurate, timely and comprehensive data is critical
Aug Sep Oct Nov Dec Listed 27 Aug Protracted release of property data Conditional offer 21 Sep Unconditional offer 16 Oct Settlement  13 Nov
New monthly report
Auckland new listings - recovering
Supply – true inventory more balanced
Property Prices – growth in price expectation
Demand  – web traffic as a surrogate of consumer confidence
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The internet is transforming real estate
Why you need to understand the web? Today more than 1.2 billion people are online viewing over  1,000,000,000,000 web pages Why?
A transformation in 10 years
Edging ever closer to 100% online search National Association of Realtors Home Buyer Survey 2008
The web is the first and only choice Choice of media for real estate search in the past week – NZ 2009 Why?    9%  12%  9%
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The internet is transforming real estate
“ Edutainment” Breadth Understanding interest / behaviour Browse full set of listings in target areas Browse full set of listings in target areas Depth “ Serious buyers” Narrow down to view target listings in area  Quick-look filter  Deeper filter & inspiration Price check & risk reduction Depth
The online search experience is evolving Searching for property
Clearer role for websites Searching for property buy Searching for someone to help me sell my property
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The internet is transforming real estate
3 years of growth – 27% per annum vs. market 17%
Now delivering over 25,000 email enquiries per month
Realestate.co.nz is the market leader for international visitors searching for NZ real estate... + 43% more traffic than trade me property International visitor traffic to NZ real estate listings – Sep 2009 121,759 85,123 20,202
Realestate.co.nz – the most comprehensive Trade Me residential property listings -  56,019 includes an estimated  6,000 private listings
25,016 6,000 / week 3,636 4,500 / week 7,810 3,500 / week 41,107 100,000 / week 10,103 15,000 / week 17,412 8,000 / week 7,162 30,000 / week Not one site – many audiences 108,000 listings – 168,000 sessions per week
What we are doing to help you
New – market leading website
Rich / easy browsing & searching
Large images - easy to use
Specialised site for commercial & business
Specialised site for farms
Property information at your finger tips
Providing information – 24hrs a day
Every property has a web page – 1,528,453 properties
Property Information
Context of aerial images
Community information – where to live
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The internet is transforming real estate
What are they looking for?
Get the basics right – help buyers! ,[object Object],[object Object],[object Object],[object Object],[object Object]
What not to do!!
What not to do!!
Email alerts – first impressions count!
No substitute to comprehensive information
Photos are so important!
The web provides so much information... enough to replace an agent??
Richer and richer information
New functionality ,[object Object],[object Object]
How can you stand out from the masses?
Featured listings
Featured listings
14 days with a featured listing delivers an audience of  over 10 times  more viewings than a regular listing $250  inc GST Featured listing for just Vendor paid marketing – that delivers Call us  0800  732  536
Some examples 3 bedroom  Onerahi $500k
Some examples
Buyers - call to action
[object Object],[object Object],[object Object],[object Object],[object Object],Enquiry leads come in many forms
How do you rate – responding to emails? Response timing is improving – but 12% never respond!
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The internet is transforming real estate
How to use the web to build you profile and network? How?
 
[object Object],[object Object],[object Object],[object Object]
? How to be found on Google!
The power of links
Online reputation is key
If you are not found on Google ......
Part 1: Find yourself on Google
Login / sign up / profile yourself
Build your profile – free of charge
Part 2 : Create a place on the web
Part 3 : Drive traffic to that place
Part 3 : Drive traffic to that place www.twitter.com
Part 3 : Drive traffic to that place www.youtube.com
Part 3 : Drive traffic to that place www.linkedin.com
Part 3 : Drive traffic to that place www.facebook.com
Part 3 : Drive traffic to that place
Links build visibility..
Be found when people are looking for you
Blogs – hosted on realestate.co.nz
Its time to embrace social media / marketing
Build networks / referrals / credibility ,[object Object],[object Object],[object Object],[object Object]
Sell yourself!
Promote yourself everyday to over 15,000 people a day ,[object Object],[object Object],[object Object],[object Object]
“ Homebuyers & Agents have information overload.  Agents must create legitimate value-add services & become the trusted go-to person” Stefan Swanepoel Embrace the change and be recognised
Enjoyed the presentation? www.tinyurl.com/nzrealestate
Proudly supporting the real estate industry

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Realestate.co.nz - Auckland Oct 09