{"id":26094,"date":"2020-07-04T14:36:46","date_gmt":"2020-07-04T02:36:46","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=26094"},"modified":"2020-07-04T14:36:46","modified_gmt":"2020-07-04T02:36:46","slug":"grays-marketplace-makes-its-move-in-real-estate","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/grays-marketplace-makes-its-move-in-real-estate\/","title":{"rendered":"Grays marketplace makes its move in real estate"},"content":{"rendered":"

PHOTO: Grays marketplace<\/strong><\/p>\n

Grays marketplace is launching itself into the real estate and property market, calling its foray into the sector \u201cthe next frontier\u201d.<\/p>\n

It\u2019s kicking things off with the sale of several blocks of land in Western Australia\u2019s Kimberley in a series of online auctions.<\/p>\n

The Kununurra sites are being auctioned through a three-stage process in conjunction with First National Real Estate Kimberley, and on behalf of liquidator Meertens Chartered Accountants.<\/p>\n

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The move into the real estate sector by Grays comes as it offers criticism of the real estate industry.<\/p>\n

According to the online auction provider, while Australians have \u201cswiftly embraced online auctions for a wide variety of categories, the real estate industry has not evolved much in recent years\u201d.<\/p>\n

It\u2019s flagged what it calls a number of \u201cfundamental problems of the real estate sales and auction process\u201d.<\/p>\n

Despite what Grays has called \u201ctentative moves into virtual inspections and live remote auctions\u201d by a number of real estate players, it\u2019s taken issue with the fact that when it comes to real estate in Australia, auctions are over in minutes, are usually considered very high-stress environments, and bidders are generally constrained to people physically in attendance.<\/p>\n

The platform\u2019s chief operating officer, Jeff McLean, said: \u201cWe see a huge opportunity for buyers and sellers of all kinds of property to take advantage of our database of over 3 million Australians and our leading auction technology platform.\u201d<\/p>\n

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