Tag: realestate.com.au


REA Group adds “Pet Profiles” to rental applications

REA Group adds “Pet Profiles” to rental applications

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 company said the “Pet Profiles” feature will make it easier for property managers reviewing tenancy applications and also let renters present their pet “in the best light.” The feature was developed following...

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Two agent comparison sites launch in Australia

Two agent comparison sites launch in Australia

RealEstate.com.au, the No. 1 property site in Australia, is hoping its new agent comparison tool — one of two lead generation services to launch in Australia this week — will draw more property sellers to its site, in a play to sew up the entire property lifecycle. The service called “Agent Match” lets homeowners search for real estate agents or agencies in their local area...

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REA results ‘unspectacular’

REA results ‘unspectacular’

REA Group (ASX: REA) posted “unspectacular” results, although revenue and earnings in the March quarter were both up 18 percent on the prior comparative period (PCP). In a note to clients, Morgans analyst Ivor Ries (LinkedIn profile) said the company was on track to meet its full-year result expectations after posting a “solid, if unspectacular,” result in the third quarter of FY2017. The Australia-based real...

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REA Group acquires ZPG’s HomeTrack

REA Group acquires ZPG’s HomeTrack

Australian property company REA Group has acquired the Australia arm of property data firm Hometrack from ZPG — the company that operates U.K. property site Zoopla — for $130 million AUD ($97.7 million U.S.). Hometrack Australia provides property data services to the financial sector. Its products include property data analytics and an instant valuation service called Automated Valuation Model (AVM). The transaction will be funded from...

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Financial services pay off at REA Group

Financial services pay off at REA Group

REA Group’s recent foray into the financial services sector has paid off, with the Australian real estate group posting a 21 percent increase in profits in its half-year financial results. The group’s financial services division — made up of mortgage broking business Smartline and a private label offering in partnership with the National Australia Bank — helped bolster revenue in its Australian market; delivering $13.2...

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RealEstate.com.au adds agent-finder service

RealEstate.com.au adds agent-finder service

Australia’s RealEstate.com.au launched a real estate agent comparison tool, allowing buyers and sellers to compare the performance of agents in their areas. The tool shows the median sales price, average days on market, and the number of properties each agent in a particular postcode has sold in the last twelve months. RealEstate.com.au, which is operated by REA Group (ASX: REA), said the new tool will...

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REA Group bullish on Asia after investing in Elara

REA Group bullish on Asia after investing in Elara

Asia is key to REA Group’s ongoing success, chairman Hamish McLennan (photo) told shareholders at the group’s annual meeting in Melbourne this week. The operator of RealEstate.com.au, Australia’s leading property site, invested $66 million AUD ($50 million U.S.) in India’s Elara Technologies**, operator of property sites PropTiger, Makaan and Housing. (It’s stake in Elara Technologies is unknown. In July this year, the two companies announced...

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REA Group’s performance ‘better-than-expected’

REA Group’s performance ‘better-than-expected’

The spring selling season in New South Wales and Victoria “propelled” REA Group’s earnings 24 percent in Q1 of FY2017/18, in what an analyst called a “better-than-expected” operating performance. REA Group (ASX: REA), operator of the country’s leading property site RealEstate.com.au, said growth in residential listings and the inclusion of the group’s financial services division contributed to the results. Revenue in the September quarter was...

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RealEstate.com.au launches mortgage partnership

RealEstate.com.au launches mortgage partnership

REA Group (ASX: REA) launched a “white label” mortgage broking business on its RealEstate.com.au site as RealEstate.com.au Home Loans. The “white label” mortgage broking business is a partnership between REA Group and Choice Home Loans, a subsidiary of finance broking aggregator Choice Aggregation Service, which is owned by the National Australia Bank (NAB). The Choice Home Loans brand will be retired and the business rebranded to...

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