{"id":5722,"date":"2015-09-17T01:00:08","date_gmt":"2015-09-16T15:00:08","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=5722"},"modified":"2015-09-17T01:00:08","modified_gmt":"2015-09-16T15:00:08","slug":"uk-vs-australia-what-are-the-big-differences-in-the-industry","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/uk-vs-australia-what-are-the-big-differences-in-the-industry\/","title":{"rendered":"UK vs Australia. What are the big differences in the industry? &#8211; Shannon Davis"},"content":{"rendered":"<p>&nbsp;<br \/>\n<strong>Shannon Davis<\/strong>,\u00a0a buyer\u2019s agent from Metropole Properties, has just returned from the UK and reflects on how differently real estate transactions are conducted there and what opportunities exist for investors.\u00a0Today we talk with him about it.<br \/>\n&nbsp;<\/p>\n<h4>Transcripts:<\/h4>\n<p><b>Kevin<\/b>:\u00a0 Shannon Davis is a buyer\u2019s agent in Brisbane, a regular on our show. Shannon has just come back from the UK.<br \/>\nShannon, thanks for your time.<br \/>\n<b>Shannon<\/b>:\u00a0 No worries, Kevin.<br \/>\n<b>Kevin<\/b>:\u00a0 I want to ask you this morning in the show just the differences you have noticed with how agents perform in Australia as compared to the UK. What are the big differences in the industry?<br \/>\n<b>Shannon<\/b>:\u00a0 I think there are a lot of differences to look at. It\u2019s more of a salaried approach with bonuses in the UK. There\u2019s a lot more in-office time, I tended to see in my time spent in offices there, so fewer open homes and fewer one-on-one interactions, but more hitting the phones and pieces of paper and listings and qualifying that inquiry.<br \/>\n<b>Kevin<\/b>:\u00a0 In Australia, the big trend right now is building your database and building relationships. That description you\u2019ve just given me doesn\u2019t lead me to believe that that\u2019s actually the business model in the UK.<br \/>\n<b>Shannon<\/b>:\u00a0 Yes. I think they want lifelong fans and clients. There\u2019s a lot more chain sales, which leads to a buyer becoming another sale because you can sell the vendor\u2019s property then. But in the main, there\u2019s some dominance of portals, as well. Zoopla and Rightmove tend to be the big ones in the UK that have the market share. But you can see some rumblings around about more direct websites getting from the vendor to the buyer, as well.<br \/>\n<b>Kevin<\/b>:\u00a0 Digital disruption is not new \u2013we\u2019re seeing it in Australia \u2013 but is it more acute in the UK right now? In other words, are the portals carving straight through to the buyer and the seller and almost cutting the agent out?<br \/>\n<b>Shannon<\/b>:\u00a0 Yes, I think so. But the UK tends to be a more complicated sale because of the amount of chain sales, as well, so I don\u2019t think it will lend itself to that artificial intelligence. I think there will need to be a person at arm\u2019s length to coordinate the sale, and I think that will continue for a while to come. But in saying that, there are plenty of entrepreneurs putting money into this space, and it\u2019s something we need to be aware of.<br \/>\n<b>Kevin<\/b>:\u00a0 Yes. I notice in the UK, too, a number of agents I\u2019ve spoken to over there have told us that the agents are becoming a lot more hyper-local. They\u2019re really getting into their own very small niche markets. Did you notice that, as well?<br \/>\n<b>Shannon<\/b>:\u00a0 Definitely, and community engagement, like a lot of fetes and council community meetings and things like that. They really are hyping up that involvement. I think print is still in favor, as well, especially in the local publications.<br \/>\n<b>Kevin<\/b>:\u00a0 Yes. If they\u2019re going to go hyper-local, then it makes sense to be in those smaller local publications.<br \/>\n<b>Shannon<\/b>:\u00a0 Yes, and I think they\u2019re dealing with a more time-poor consumers \u2013 long commutes and long hours and having to get the most efficiencies out of that.<br \/>\n<b>Kevin<\/b>:\u00a0 Interesting stuff. Shannon Davis, thank you very much. Shannon, of course, a buyer\u2019s agent from Metropole Properties. He\u2019s based in Brisbane, and they are all around Australia. Thanks for your time.<br \/>\n<b>Shannon<\/b>:\u00a0 No worries, Kevin. Any time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Shannon Davis,\u00a0a buyer\u2019s agent from Metropole Properties, has just returned from the UK and reflects on how differently real estate transactions are conducted there and what opportunities exist for investors.\u00a0Today we talk with him about it. &nbsp; Transcripts: Kevin:\u00a0 Shannon Davis is a buyer\u2019s&#8230;<\/p>\n","protected":false},"author":176692471,"featured_media":5723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,13,25],"tags":[101],"class_list":["post-5722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-latest-story","category-sponsored-channels","tag-podcast"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK vs Australia. 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What are the big differences in the industry? - Shannon Davis - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Shannon Davis,\u00a0a buyer\u2019s agent from Metropole Properties, has just returned from the UK and reflects on how differently real estate transactions are conducted there and what opportunities exist for investors.\u00a0Today we talk with him about it. &nbsp; Transcripts: Kevin:\u00a0 Shannon Davis is a buyer\u2019s...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/uk-vs-australia-what-are-the-big-differences-in-the-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-16T15:00:08+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/uk-vs-australia-what-are-the-big-differences-in-the-industry\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/uk-vs-australia-what-are-the-big-differences-in-the-industry\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"UK vs Australia. 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