Single property website in 28 minutes

A key Australian real-estate insight is that a single property website can run an auction in as little as 28 minutes, according to the article. It compares an older home that struggled to sell based on appearance: boards and letterbox drops attracted interest, but demand weakened, while buyer’s agents’ revenue did not fall. Nearly half of Australia’s buyers’ agents (48%) said buyer demand dropped significantly over the past 12 months, yet 76% now work on a fixed-fee basis—so invoices don’t shrink as the market cools. Leon Hayes, who created the index behind the numbers, also flags a potential pipeline risk before changing fees.