Real Estate Logic has launched an AI-powered Interactive Voice Response (IVR) system designed to transform real estate interactions. This pioneering solution simplifies how property buyers access essential listing details and engage with vendors, offering a convenient experience for all parties […]
Figure 1. Cash rate target Australia Figure 2. REIV Residential Market Index.. As projected back on May 13th, the market has transitioned from a robust seller’s market to a more balanced one, maintaining price stability since July. The question now […]
Figure 1. RBA cash rate In a move that has sent shockwaves through the market, the Reserve Bank of Australia (RBA) has announced yet another interest rate hike. This 12th consecutive increase of 25 basis points and warning for more […]
In the previous post “Analyzing Melbourne’s Eastern Corridor Property Market: Insights from Suburban Data“, we investigated the property market by assessing the auction success rate within 3 groups of suburbs based on their degree of attraction to the Asian community. […]
Figure 1. REIV RMX property index. When assessing the property market in Melbourne’s eastern corridor, it is important to delve beyond the broad strokes provided by the REIV RMX. By examining sales data from 17 carefully selected suburbs, grouped according […]
The market is shifting to be more balanced An extreme shortage of listings in Q1, skyrocketing rents, and unprecedented immigration are currently outweighing the RBA‘s aggressive rate hikes, fuelling the unexpected price rebound. (news.com.au) The current property market is still […]
On Tuesday the 2nd May, RBA increased the interest rate the 11th time by 25 basis point, in order to tame inflation. One reason for the hike that explained by the governor was the concern of the rising property price. […]
After one year’s adjustment, it is safe to say that Australia’s residential property mark has now bottomed out and got into another rising trend despite high interest rates. Here is the evidence: Figure 1. Melbourne weekend auction clearance rates. Source: […]
Figure 1. Inflation around the world Figure 2. Inflation rates in G20 countries The world is experiencing high inflations except a few countries (Figure 1). Most G20 countries are in the war against inflation (Figure 2). In this article, we […]
Artificial intelligence has been around as long as computers have, but it’s only recently that we’ve seen the technology really develop into something exciting. Artificial intelligence (AI) is now being used in projects around the world, from self-driving cars […]
Doing business in today’s global marketplace requires an understanding of international economic relations. International trade, foreign direct investment (FDI), multinational corporations (MNCs), and the World Trade Organization (WTO) are all important aspects of the international economy, and each is covered […]
The world is going through the pandemic of Covid-19 at the moment. What is the best strategy to contain the spread of this virus? Quaratine and isolation Plague, epidemic occurs every a few decades in the past three centuries. An […]
From the discussion with sellers and buyers, there is an overall impression that the property market here in Melbourne is uncertain. It is true that buying or selling is more puzzling and technical this year than the past 5 years. […]
Here is another milestone for Ezy Bid. After a full-service cycle, Ezy Bid successfully secured a deal for our client. The journey started from signing a sales authority remotely and digitally, inspections were conducted by our agents, multiple offers signed […]
For Australian people, there is no better news than a clear national plan to reopen. It does not mean that the pandemic is over, or what will happen in 2022 is certain. It means that Australia has gone through the […]
After several months’ hard coding, RE Logic has eventually developed its AI-powered online transaction platform to a state that can offer VIP clients trials. As an essential security measure, the platform is now secured with SSL certificates. It means all […]
Victoria’s data-driven decision making process is too reactive. Apparently, Victoria’s second wave is not under control yet. The daily record shows that the spread of the virus is still accelerating slowly. We have suggested in many occasions during and just […]
Market is doom and gloom Both the residential and commercial property sectors are going through a gloomy moment. We have seen retail property market declining in general since 2015 due to the change of business models and more customers going […]
What is virtual reality Virtual reality (VR) is a simulated experience with a 3D environment created by digital technologies. The 3D environment can be from the real world or can be created purely by imagination. A critical element of VR […]
During the Coronavirus outbreak, ABS has conducted a survey on the impact of the virus on Australian businesses. Results were released on 26th March 2020 (Figure 1 – 3). Based on survey results and the data that we have collected […]
Australian Government has launched the National Coronavirus Campaign as part of the effort to contain this pandemic in Australia. According to the numbers recorded in other western countries (regions), the number of confirmed coronavirus cases is increasing at a similar […]
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