11 July 2016 Future of home buying technology Frank Valentic takes a look at the latest technology and gadgets that will change the way you buy and sell property in the future, including virtual home inspections. Transcript: So I'm here in Queensland, for the Australasian real estate conference, and I'm really excited. Looking forward to seeing all this new technology that's now available for consumers when they're looking at property. What ratemyagent is, is a website, that in one place, a potential vendor can come and find out everything they need to know about the agents they are going to engage. It's completely free for a vendor to come and search our site and we disclose all the information about the agent. We're completely independent. They can call the agent they can email the agent. So it's an absolutely free service. This is the most remarkable room in the place. Because this is full. This has got a table over there and a TV here and there's windows here and a beautiful carpet. We just can't see it. But he can. Because he's wearing a computer and he's got oculus rift on and that's creating inside this space an entire virtual world. So it's kind of hard to understand. It's a bit science fiction. It's a bit weird. But this is probably the future of real estate online. So we give very independent data to buyers and sellers so that they are informed and they can make the best confident decisions at the right time. As a company we want consumers to be educated because we really think that even sellers are educated. Real estate agents have a much easier job in selling property. So if you are using a core logic RP Data Report you're going to be better off in terms of being able to bid at the right price and sell at the right price. Well technology has changed the way we buy real estate these days, so now you can literally do everything from a desktop. It has really changed the way people are purchasing properties and I think we've only skimmed the surface really. What's technology going to be like in five years time? It's just going to keep developing.