REA Group Announces New Residential Agency CRM Integration

July 13, 2023
Share this Post: 

REA Group, the holding company behind Australia's number one portal realestate.com.au, has announced an enhanced lead nurturing CRM integration feature for agents.

The Group says the feature has already helped more than 2,700 MRI Software clients across Australia generate almost 272,000 realestate.com.au data-enriched buyer leads since going live only two months ago.

The new API provides insights into buyers' readiness to purchase by directly channelling insight into buyer behaviour into the industry-leading VaultRE software—acquired by MRI Software earlier this year.

The feature rates buyers on their likelihood to purchase, enabling agents to nurture leads by better understanding a buyer's readiness to buy.

MRI is one of the first proptech providers in the market to leverage REA’s new buyer lead enrichment API, powered by realestate.com.au data.

Simon Hope, Executive General Manager Customer Product at REA Group, said:

“Lead enrichment is designed to provide agents with a much deeper understanding of how engaged a buyer is, where they are on their property journey and ultimately their readiness to buy. This premium offering helps agents prioritise and optimise the way they nurture a lead, as well as providing rich campaign insights to their vendors.

“We’re really pleased to be working with VaultRE. As the leading CRM provider for Australian real estate agents, we recognise the value the software provides to many of our customers, and we look forward to fostering a successful relationship.”

The announcement follows REA Group's acquisition of the remaining shares in the Buy Now Pay Later specialist CampaignAgent, in which the Group previously held a 27% interest.

Meanwhile, the firm has also announced a suite of AI integrations including image recognition tools and better matchmaking algorithms.

Revenues for REA Group broke the Billion dollar barrier in its FY22 results published last August, including 24% revenue increases for its flagship portal realestate.com.au.

July 13, 2023
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Investment And Funding Roundup 19 July 2024
Investment and Funding Roundup: Lhoopa, StudentTenant, Renters.pl

We've spotted three significant funding and investment movements this week, from an $80 million round in South Asia and two...

Read More
Product Roundup 19 July 2024
Product Roundup: SeLoger, SMG, OnTheMarket, Zoopla, BCG, ViewIT

We've spotted six interesting stories around the world in this week's Product Roundup, including some healthy competition in the UK....

Read More
Costar And Realtor.com
Move Inc. Files Injunction Request Against Unimpressed CoStar

Move Inc. has filed a motion for a preliminary injunction against CoStar and its former employee James Kaminsky from "any...

Read More
Carousell
Carousell Losses Shrank 40% in 2023 as Recommerce Business Grew

The Southeast Asian e-commerce and classifieds operator Carousell saw revenue rise by 40.5% year-on-year in 2023 according to newly released...

Read More

Editor's Pick