According to an article on Real Estate Business, the Certified Practicing Real Estate Agents (CPREA) has launched its new listings website, which the company claims is 'destined to be Australia's only industry-owned property portal.'
"The people behind this project have a long-held common focus and purpose, which is to give the industry more control over increasing online costs and providing an affordable, user-friendly portal where members of the community can view every Australian listing in one place,” said CPREA chairman Geoff Baldwin.
Mr Baldwin added that for a national real estate portal to be supported and succeed it has to have one vital ingredient: it must be owned by people who work in the industry, and that once the listing numbers and traffic hit their early targets, shares will be offered exclusively to industry participants.
Mr Baldwin said he is confident CPREA will easily meet the launch target of 30,000 listings across all states and territories.
The above article was sourced from Real Estate Business, and it can be read in its entirety by clicking here.