REA Group
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SUPPLIER NEWS
REA Group partners with Realtair to support agent development
REA Group, alongside its partner Realtair, is offering customers complimentary six-week memberships to the interactive Complete Salesperson Digital course. The offer comes while a large segment of Australia’s property market remains in lockdown and unable to conduct in-person interactions. REA Group General Manager Residential, Simon Hope said REA is committed to supporting customers and values the importance of taking time…
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COMMERCIAL
REA Group partners with software provider Simpology
Real Estate Australia Group (REA) has acquired a 34 per cent interest in Australian software company Simpology. The software provider offers digital mortgage application and lodgement solutions for broking and lending industries. As a part of their new agreement, REA will take two seats on the Simpology Board. REA plans to use Simpology’s technology to facilitate direct transmissions of digital mortgage…
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NEWS
REA finds property seekers want energy efficient homes
Energy-efficient ratings and features have become increasingly important factors for Australians looking to rent, buy or build, according to new data from REA Group.
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NEWS
REA Group does a deal for share in PropertyGuru
REA Group has announced that it has entered into a binding agreement to combine REA’s Malaysia and Thailand businesses with Proptech company PropertyGuru.
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NEWS
REA Group ignites new lead management feature to offer agents greater insights
REA Group has announced a new lead management feature designed to offer agents deeper insights into audience behaviour.
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NEWS
Demand for housing continues to outpace listing supply volumes
Demand for housing in Australia continued to outpace listing volumes in April, according to the latest data from REA Group.
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NEWS
Australia’s hot housing market showing slight signs of cooling
Australia’s housing market may be showing signs of slowing down, with an increase in supply and a slight downturn in search activity, according to the latest REA Insights report.
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NEWS
Half of Australian homes will be cheaper to buy than rent over the next decade
A new report by REA Group has revealed more than half of homes will be cheaper to buy than rent over the next decade, based on current prices.
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NEWS
REA Group announces proposal to acquire Mortgage Choice
REA Group has today announced a proposal to acquire publicly listed mortgage-broking firm Mortgage Choice.
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Elite Agent
Price growth in capital cities outstripping regions according to REA Insights Home Price Index data
Capital city price growth outpaced regional growth for the second time in 12 months in February, data from the new REA Insights Home Price Index released today shows.
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Elite Agent
REA Group changes Track with rebranding of data and valuations business
REA Group has announced a rebranding of its property data and automated valuations business Hometrack, which will now be known as PropTrack.
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INDUSTRY NEWS
Demand for Australian property hits a new peak, REA Demand Index
According to the REA Property Demand Index, after a choppy few months, demand surged again in July with even the struggling WA market starting to hit its stride. Only one section of the Australian market, NSW apartments, saw a slight drop in demand. Chief Economist Nerida Consibee said, “Given that the state has been seeing decades of housing undersupply, this…
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AREC2017 EA Studio
Feature Interview: Andrew Rechtman with Samantha McLean
Transcript: Samantha McLean: Hey everyone, Samantha from Elite Agent Magazine and I have the pleasure of welcoming Andrew Rechtman, who is the Executive General Manager of Residential for realestate.com.au. Hi Andrew. How are you going? Andrew Rechtman: Great to be here. Thank you very much. Samantha: You’ve got a lot of robotic devices here at AREC this year. So tell…
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NEWS
REA Group appoints Tomas Varsavsky as company’s first Chief Engineer
REA Group has appointed Tomas Varsavsky to the role of Chief Engineer. Mr Varsavsky will report to the REA Group Chief Executive Officer, Tracey Fellows. Varsavsky will be responsible for setting the strategic technology direction for the group and leads centralised teams around data, security, enterprise technology, infrastructure and architecture. Mr Varsavsky has been with REA Group for seven years where he was…
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NEWS
Everyone has a next level: RE/MAX top performers unite at industry forum in New Zealand
“Mission possible” was the theme of the RE/MAX high performers forum this year which was held in Queenstown, New Zealand. Seventy RE/MAX members from Australia and New Zealand gathered for three days of networking and learning at the invitation-only event for top performers. Michael Davoren, RE/MAX Australia and New Zealand Managing Director, said technology was a recurring theme at the…
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AREC2017 EA Studio
Feature Interview: Ric Serrao with Claudio Encina
Transcript: Claudio Encina: I’m sitting next to Ric Serrao. He’s been a high performing agent in the eastern suburbs of Sydney for a long, long time. Ric, what can we expect tomorrow from your presentation? Ric Serrao: I think I’m just trying to keep it simple. A lot has already been talked about today. I’m just trying to challenge how…
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NEWS
realestate.com.au strengthens home loan offering with acquisition of majority stake in Smartline
realestate.com.au has announced it will enter the mortgage broking market with the acquisition of an 80.3% stake in one of the country’s premier mortgage broking franchise groups, Smartline. With an average monthly audience of 5.9 million, realestate.com.au will now have access to over 300 Smartline advisers nationally. This acquisition adds to the strategic partnership with NAB, announced in December 2016, to…
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NEWS
realestate.com.au and NAB sign strategic mortgage broking partnership
realestate.com.au has announced it is building on its expansion into financial services by signing a new strategic mortgage broking partnership with NAB. realestate.com.au and NAB have also agreed to build a mortgage broking solution, which adds to the strategic partnership announced in December 2016 to create an Australian-first end-to-end digital property search and financing experience. To help achieve this, NAB…
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Elite Agent
Leading With Integrity
DRAWING ON YEARS OF EXPERIENCE in managing businesses both in and outside the real estate industry, Stone Real Estate Founder and CEO Peter Mumford explains why he would like to create a new ‘norm’ in real estate leadership. FOR MANY YEARS I have thought the property industry needs more ethical leadership and integrity, starting right from the top. This urgent…
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Elite Agent
Tom Panos – Commissions Are In the Community, Not In the Office
“‘HI. HOW’S THE SALE OF your place going?’ One of three things will happen when you say this. People are going to say to you, ‘We’ve already sold.’ Some people will say to you, ‘We don’t have a property to sell.’ Some people will say to you, ‘It’s not on the market yet.’ Bingo.” This is one of the classic…
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NEWS
REA Group confirms Henry Ruiz as CEO, REA Group Asia
REA Group today confirmed the appointment of Mr Henry Ruiz as CEO, REA Group Asia effective immediately. Mr Ruiz, who has been acting in this position since March 2017, is responsible for the Group’s Asia business including iProperty Group across Southeast Asia and Chinese property site myfun.com. Commenting on Mr Ruiz’s appointment, Ms Fellows said: “Asia is a key region…
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NEWS
REA makes Forbes list of most innovative growth companies
Forbes has released its annual list of the most innovative growth companies with market values between $2 billion and $10 billion. REA Group, parent company of realestate.com.au made the list among other high-profile business from around the globe. REA Group ranked 35th on the list and was only one of four media companies that made the cut. It is valued at…
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NEWS
REA new property platform linking developers with agents to sell off-the-plan properties
REA Group is launching a new feature as part of its Property Platform software that allows residential agents, project marketers and financial planners to connect with developers and builders and request access to sell off-the-plan properties. The new feature launches in July and gives developers the ability to expand beyond their own sales networks to access a bigger range of…
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NEWS
India to have global listings under REA Group deal
Elara Technologies Pte Ltd., owner of Housing.com, PropTiger.com, and Makaan.com has joined REA Group’s Global Property Network to deliver global property listings in more countries than ever. As an industry first in India, this collaboration will bring together Elara Technologies’ group companies from India and REA Group owned and partner sites across China, USA, Australia, Indonesia, Malaysia, Singapore, Thailand, Hong…
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EPM
One Small Dog
DON’T LET ALL THAT TAIL wagging and cute fluffiness fool you! ‘One small dog’ is sometimes all it takes to strike fear into the hearts and minds of landlords and property owners everywhere. WHAT ON earth do you think that one small dog is going to do – trash the house?” That was the response I gave my husband when…
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NEWS
realestate.com.au rental listings find a second home on Flatmates.com.au
realestate.com.au have announced that rental property listings on the site will also now be syndicated on Flatmates.com.au, improving the audience reach of listings at no additional cost. Flatmates.com.au is for people looking to find a room in a share house or for people looking for a new flatmate. It’s also for people looking to ‘Teamup’ with fellow rental seekers to…
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NEWS
RBA leaves cash rate unchanged
The Reserve Bank of Australia (RBA) has announced they will leave the cash rate unchanged at 1.5 percent after its monthly meeting yesterday. RBA Governor Philip Lowe said the broad-based pick-up in the global economy is continuing, but while he had an optimistic tone on strength of the labour market, he said wage growth remains low and this was likely to…
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INDUSTRY NEWS
Demand for Property Surges in May according to REA
While demand for property seemed to subside somewhat in April according to the REA Group Property Demand Index, the month of May saw demand for housing reach a new record high. The latest figures from REA Group suggest more price growth in major cities, despite other reports, such as the CoreLogic Home Value indices for the same period showing small…
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NEWS
Juwai.com Appoints Georg Chmiel to its Board of Directors
Juwai.com announced today the appointment of Georg Chmiel to its Board of Directors. Mr Chmiel has nearly 17 years of experience directly in the online real estate and property industry. Chmiel is currently Group CFO and Director International of iflix, the streaming entertainment service available to one billion consumers across 18 markets throughout Asia, the Middle East and North Africa.…
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NEWS
REA Group moves into new Sydney home
REA Group has moved its Sydney headquarters into a new 950 sqm ‘home-styled’ office, mirroring what the company does best in connecting people and homes. Designed by leading interior and architectural design firm Futurespace, the new REA Group Sydney office is sectioned into the same kind of rooms you would find in a home. Managing Director of Futurespace, Angela Ferguson…
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NEWS
realestate.com.au joins forces with The Property Couch
realestate.com.au is teaming up with The Property Couch, one of the country’s best property podcasts, to bring Australians the property information, insights and advice they need to help with one of life’s biggest decisions. The Property Couch is made up of two of Australia’s most respected property experts, Bryce Holdaway and Ben Kingsley, who are passionate about helping people make smart…
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NEWS
REA Group named one of Australia’s best places to work
REA Group has been named one of the best places to work in Australia for the second year in a row, according to the latest LinkedIn Top Companies list. LinkedIn yesterday announced the top 25 companies where Australians would love to work the most, based on an analysis of consumer behaviour to the professional networking site. Ranked 16th, REA Group…
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