realestate.com.au and National Australia Bank (NAB) have today announced a five-year strategic partnership that will transform the property buying experience for Australians.
As part of the experience, consumers will be able to access a suite of NAB home loans, a realestate.com.au branded white label product, as well as a panel of other lenders.
“We know that Australians are property obsessed, and by partnering with NAB, we are building a truly innovative solution that will marry property search and property finance,” Tracey Fellows, REA Group CEO, said.
“We will be assisting home buyers throughout their entire property journey, whether it be buying, renting, investing or selling.”
“The digital experience we are creating in partnership with NAB will make realestate.com.au not only the best source of property insights, information and inspiration, but the place where people can achieve their property dreams more quickly and easily,” Ms Fellows said.
NAB Chief Operating Officer, Antony Cahill, said the partnership will bring property search and home lending together in a way that’s never been seen before in Australia, or even the world.
“We’re combining our respective expertise to deliver more to Australian property buyers and create a game-changing experience,” Mr Cahill said.
“NAB is always focused on developing ways to make the home ownership journey easier, simpler, and more convenient for customers, and this partnership with realestate.com.au supports this.”
“This is another example of the exciting solutions we’re able to create for customers thanks to the work of our product and digital teams, and dedicated innovation hub, NAB Labs,” Mr Cahill said.
Both NAB and realestate.com.au have established dedicated teams to collaborate on the development and roll-out of the project, which will launch in 2017.
REA’s team will be led by Executive Director of Financial Services, Andrew Russell, and NAB’s team will be led by Executive General Manager of Consumer Lending, Angus Gilfillan.