Australia

Australian listing deal opens China

Juwai.com, the leading Chinese international real estate listing website, has announced a partnership with AnyBusiness.com.au, according to propertyportalwatch.com. AnyBusiness ranks as the second most popular portal listing Australian businesses for sale. No other major Australian business listing site markets its listings into China. “Business brokers are looking for extra ways to reach...

Read More

Fairfax buys All Homes in $50 mil deal

Fairfax owned Domain.com.au, a real estate site, has purchased All Homes for $50 million, reported the Australian Associated Press. All Homes serves around 180 real estate agencies in Canberra and the surrounding areas of the Australia Capital Territory. The move is seen as an effort by Fairfax to strengthen its business to take on leader RealEstate.com.au. The deal is subject to regulatory...

Read More

REA strikes regional distribution deal

REA Group, which operates realestate.com.au, is set to become the property partner for Australian Region Media’s (ARM) publishing arm, APN, in regional northern NSW and southeast Queensland. The company made the announcement after Domain, owned by Fairfax and the second biggest market player, ended its four-year partnership with APN. Domain is expected to make a direct play into that geographic...

Read More

Agents unite for better deal from REA

More than 300 Melbourne real estate agents have banded together and engaged an independent agency to negotiate better listing prices on their behalf. The group could boycott REA if negotiations fail. The strategy has seen 62 separate brands with a combined spend of more than $100 million join forces after REA Group again increased pricing for listings in May. The Australia Financial Review said...

Read More

Carsales buys stake in financing company

Carsales.com.au bought a controlling stake in online car financier Stratton Pty in a deal worth $60.1 million, according to The Sydney Morning Herald. The deal, funded in cash and a loan from one of the major Australian banks, NAB, is seen as a natural fit for the car classifieds business, giving it a solid footing into financial services. Stratton was established in 1998 and became an online...

Read More

Nielsen reveals REA far ahead of Domain

Nielsen Market Intelligence statistics obtained by The Australian show that REA has increased its lead over rival site, Domain. Long the leading site for real estate in Australian, REA, 62 per cent owned by News Limited, now holds 67 per cent of all real estate website visits in May. Domain, owned by Fairfax, lost ground in its core market of New South Wales. REA has more traffic, longer dwell...

Read More