Australia

Ray White Group opts for Juwai.com

The Ray White Group, Australia’s largest residential real estate group, has thumbed its nose at REA Group, publisher of realestate.com.au, by choosing China-based property portal Juwai.com as its strategic partner overseas. The group announced Aug. 13 that starting Sept. 1 it would market all of its Chinese-language residential, commercial and rural real estate listings in Australia, New...

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Revenue up but iProperty losses

iProperty Group has announced a 44 percent rise in revenue for the first half of 2014 to reach AUD$11 million from AUD$7.655 million for the same period last year. EBITDA surged from a loss of AUD$3.225 million to AUD$30,084. iProperty Group is listed on the ASX and operates sites in Malaysia, Indonesia, Hong Kong, Singapore and Macau, and has investments in India and the Philippines. Some 17.22...

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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...

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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...

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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...

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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...

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