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Rent.com.au launches first mobile app

Rental property website rent.com.au have announced they will launch a mobile app for IOS and Android this week.

In an ASX announcement, the company said the app would bring all the “unique and useful features” the platform already has alongside a range of “unique new features”.

According to the announcement, 60 per cent of the current customers using the platform access it from a mobile device.

The app will include a new way to search for property, which is being described as an “extension of the traditional suburb-based search” and will allow customers to select important lifestyle criteria during the search process.

The announcement also mentioned the company will be looking at integration with RentPay, the rental payments system they acquired earlier this year.

“Two years ago, we were losing $1 million per month and now we’re just about to break even,” said CEO Greg Bader in the ASX statement.

“Like all our products, our app will continue to evolve with future releases to include the integration of RentPay and other new products, to ensure the app has relevance for our customers beyond the initial search period.

“We expect a strong adoption rate when it launches this week.”

The company currently derives 90 per cent of its income from its additional services, including a home and contents insurance option offered in partnership with Chubb, rental bond financing and utility connection services.

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