In a followup article to the Front Page Project Rebellion article, Ben Hurley from the Australian Financial Review has published a new story on an ongoing investigation by the ACCC into the activities of RealEstate.com.au and to a lesser extent Domain.com.au . Questions directed at some of Australia’s leading real estate groups have seemed to focus on excessive price rises (see 1 , 2 , 3 and 4 ) of realestate.com.au and the effectiveness of competition in the real estate online classified space. Simon Baker, the ex CEO and substantial shareholder in REA has made some interesting comments on this blog recently regarding realestate.com.au prices : If the franchise groups were serious about competing with realestate.com.au or at least providing a competitive offering, wouldnt they first start internally and attempt to organise group buying of REA subscriptions for their franchisees? Imagine if all Ray White or LJ Hooker offices got together and negotiated as one for their REA subscriptions (and additional products)
Read moreThe Real Estate Institute of Australia (REIA) recognised the most outstanding practitioners in the real estate profession at the REIA’s 2010 National Awards for Excellence at the Hilton Hotel, Adelaide and First National Nerang was awarded the prestigious ‘Medium Residential Agency of the Year’. Mr David Airey, REIA President said “These awards are very important to our industry, recognising the best that Australian real estate has to offer”
Read more