[iframe id="https://www.youtube.com/embed/zZKkASxDpoI" align="center"] The REA Group is building on its new-look realestate.com.au website with a content marketing strategy that now includes a six-episode video series with Sydney DIY specialists, The Three Birds Renovations. The campaign is an effort to maximise engagement with viewers and prolong visits to the site. As such, the video content will be supported with articles, images and galleries on realestate.com.au, said Libby Minogue, executive general manager – media & marketing. “Since the launch of our new-look News site, we’re more primed than ever to deliver video content that inspires, entertains and delights,” she said. “As 20 per
The purse strings are tightening, and Australia's housing market may contract with them. Economists at major Australian lender ANZ say housing will contribute less to the nation’s economy as a result of stricter lending around property development and foreign investment, reports www.realestatebusiness.com.au. Although housing has been a key driver of the Australian economy over the past two years, economists say the slowdown will be driven by tighter lending standards on key borrower segments. “Tighter lending criteria and significant additions to the supply of housing are likely to result in slower growth in both construction activity and prices through the remainder
[iframe id="https://www.youtube.com/embed/DQWgt6Av0jI" align="center"] Australian property site realestate.com.au now offers more than three million property listings from 56 countries after launching its global property network. The realestate.com.au/international portal will allow users to search for property from countries in Europe, the Americas and the Asia-Pacific region and covers 12 markets including America, Italy, Germany, France, Malaysia and Hong Kong. The portal sits side-by-side with realestate.com.au’s other main search services for buying, renting, investing and sharing property. REA Group Chief Executive Officer Tracey Fellows says the portal “is the world’s largest source of global property”. “People love looking at property and now they
Open Agent Founders Marta Higuera and Zoe Pointon,. Image Credit: Australian Financial Review
OpenAgent, a startup that helps home sellers find and compare real estate agents, has raised $12 million led by the Westpac-backed venture capital firm Reinventure, Australia's Financial Review (AFR) newspaper reports. Also participating in the oversubscribed round were Sydney fund Breakthrough Labs and Singapore-based venture capital firm Qualgro. The AFR report says the $12 million will mostly go towards developing new tools, particularly one that will help homeowners value and sell their property.in 2013, Founders Zoe Pointon and Marta Higuera, both formerly McKinsey Company analysts claim OpenAgent has doubled.
Commonwealth Bank of Australia Executive General Manager Home Buying Dan Huggins One of Australia's major banks, the Commonwealth (CBA) has laid the groundwork for bringing its customers digital mortgages by integrating with Property Exchange Australia, an online network for lodging documents electronically. Formed in 2010, PEXA's role is to fulfill the Council of Australian Governments’ (COAG) initiative to deliver a single, national e-conveyancing solution to the Australian property industry. Its site proclaims: "PEXA is committed to supporting it members, which include lawyers, conveyancers and financial institutions transition towards a 100 per cent digital conveyancing process that’s fast, safe and efficient." As PEXA's inaugural member
Mitula Group CEO Gonzalo del PozoDigital classifieds vertical search leader Mitula Group has delivered strong growth in the first half of 2016 and says it will now commence the roll out of its growth strategy. Digital classifieds vertical search leader Mitula Group has delivered strong growth in the first half of 2016 and says it will now commence the roll out of its growth strategy. Key financial highlights for the six month period include: Revenue increased by 52.7% over the corresponding period to $13.6 million Adjusted EBITDA1 increased by 83.8% to $7.1 million Adjusted EBITDA margin increased from 43.7% to 52.5% Profit
Image credit: www.dw.com (Getty) Deutsche Bank's Equity Research Australasia Division recommends SELL for REA Group stock following FY16 results behind its forecasts. Following the release of the company's results yesterday, REA Group's closing price was 59.52 AUD, over the target price of 54.00 AUD. FY16 results below forecasts Deutsche Bank Equity Research says: REA's FY16 results were behind our forecasts and consensus with an EBITDA of $347m (DB $358m, Cons $359m) and NPAT (ex associates) of $214m (DB $226m, Cons $219m) - in our view, the weaker than expected result reflected (1) subdued listing volumes towards the end of the quarter
Image Credit: Election Watch Australia, Credit: Alex Proimis, Flickr News Corp earned more from its real estate classified businesses than from its news division in the last financial year and expects the unit to consistently be its biggest money spinner in years to come. The media giant posted a full-year profit of $US177 million ($A231 million) for 2015/16 - bouncing back into the black from a $US149 million loss last year - but its pre-tax earnings from a stable of newspapers including The Australian, The Times in Britain and The New York Post declined 65 per cent to $US214 million.
Image Credit Deal Street Asia Indian Angel Network (IAN), one of the largest angel investor networks in the country, is raising an early-stage fund of around Rs.150 crore ($22.4m) to co-invest along with its angel network, said two people aware of the development. An angel network is a group of angel investors—high-net-worth individuals—who invest collectively in early-stage businesses. “They have already registered a fund with the Securities and Exchange Board of India (Sebi) and are on the road to raise it. "They are looking to raise at least Rs.150 crore for the fund. The fund will be raised from within
Mitula Group founders from left, Gonzalo del Pozo, Gonzalo Ortiz and Marcelo Badimón. Image credit Novobrief.com Property Portal Watch Madrid Gold Sponsor Mitula Group has entered three new countries with the launch of six new sites. The company now operates a total 79 sites across 49 different countries. The latest Mitula branded vertical search sites in Japan and the Ukraine operate across real estate, motoring and employment while the newly launched platform in Myanmar is a dedicated real estate vertical. The ASX-listed company has also launched a new Nestoria branded site in Peru and two new Nuroa branded sites in the Philippines and the