Agents close up the shop fronts

THE face of the real estate industry is changing - shop fronts are out, technology is in.

Elders Gladstone has closed its two regional offices, one in Tannum Sands and the other in Calliope.

It leaves the agency with just one in the region, but the Gladstone site is the biggest Elders management office in Australia, according to Elders Gladstone principal Colin Burke.

There just isn't a need for shopfront spaces anymore.

"With technology these days we don't have to have wide windows to put our listings on," he said. "Real estate is pretty much an online thing now."

He said the decision to close up shop was just economic.

"Our fixed costs were not changing but our income in a depressed market was substantially less," he said.

LJ Hooker Gladstone principal Mark Spearing said there wouldn't be a business in Gladstone, small, medium or large that wasn't looking at cutting costs.

But with so much pressure to keep the service levels high particularly in the real estate game, his business was investing more in training.

Topics:  gladstone property real estate

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