Tag Archives: REA Group
Print Advertising is Obsolete – The Case for On-Line
I’ve been working in and around the internet almost since the beginning of the dotcom boom. Between 2001 and 2008, I was the CEO and Managing Director of realestate.com.au and my most recent business venture is focussed on investing, innovating and consulting in the on-line realm.
Ray White Sells REA Group Shareholding
In a surprise move late last night, the Ray White Group sold its complete shareholding in the REA Group (realestate.com.au). The long time second largest shareholder sold 13.5 million shares at $5.75 per share, yielding $77.6 million. This represents a change of ownership of 10.8% of the REA Group shareholding base. It is believed that the shares have been acquired by a number institutional investors and, surprisingly, not by News Corp.
Spotlight on New Zealand Property Portals
Over the past months the New Zealand market has seen some significant action in the property portal market.
Price Freeze at realestate.com.au
REA Group owned realestate.com.au have announced a price freeze on residential agent subscriptions until 2010.
realestate.co.nz Now the Place to Be
With the exit of allrealestate.co.nz from the New Zealand market and the redirection of their traffic to realestate.co.nz, what does this mean for New Zealand real estate agents?
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