Digital real estate, the industry that grew to be the main driver of the mining boom, has a lot of questions to answer about the future.
With the Federal Government launching a national consultation on digital property in October, we are trying to figure out what is really at stake.
“It is a complex and challenging sector,” says Steve Burt, the chief executive of the Digital Property Council of Australia.
“It is the new frontier for both governments and the private sector.”
Digital realisation is now a big driver of Australia’s mining industry.
The Australian Bureau of Statistics says the value of mining real estate in Australia grew by almost $1 billion in the first quarter of 2019.
Digital realtors say it is a critical driver of how the country is developing its real estate markets and it is also a major reason why people are looking for homes.
Digital property has come a long way from the 1980s, when it was a new frontier.