A consortium of private lenders will provide DomaCom --- a fractional property investment company in Australia --- with a lending line of $100 million AUD ($75.6 million U.S.) that will go towards the future acquisition of property worth $250 million AUD ($188.9 million U.S.).
Former Domain boss Antony Catalano has bought a "considerable" stake in his former employer's largest client, the Tomorrow Agency.
RealEstate.com.au --- the No. 1 property site in Australia --- now lets renters create a profile for their pets, in a new feature added to the real estate site’s online rental application form, 1Form.
The executive chairman of Australia-based real estate group Domain Nick Falloon will receive $4,300 AUD ($3,200 U.S.) a day to carry out the company’s CEO duties while the search continues for Antony Catalano’s replacement.
Fairfax Media, the majority owner of real estate company Domain, has been fined $15,000 AUD ($11,281 U.S.) for contempt after inadvertently running an advertisement despite a court undertaking.
A partnership between Australian real estate group Domain and Proply, a startup providing online sales proposal templates, will allow real estate agents to access Domain’s PriceFinder data from within the Proply app.
A small number of senior executives will leave real estate group Domain as part of a restructure to increase business efficiencies following the company’s separation from parent company Fairfax Media.
Former REA Group head of commercial and inside sales Tony Sutton has joined rival Australian real estate group Domain as executive director of residential sales.
Costs associated with the spinoff of Australian real estate group Domain from parent company Fairfax Media have dragged its half-year profits down eight percent to $24.7 million AUD ($19.5 million U.S.), despite otherwise good financial results.
Former Domain chief executive Antony Catalano has been accused of misconduct following allegations he tolerated a sexist culture in parts of the business.