SUPPLIER NEWS
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Possible $1bn IPO for PEXA would be one of the biggest in 2018
Electronic conveyancing business PEXA is moving towards a sale which may see four state governments pocket over $350 million. If the sale goes through it could stand to be one of the biggest initial public offerings in 2018. Late last year the business identified a 12-month window, starting in September 2017, to explore strategic options ahead of a potential 2018…
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Purplebricks continues international expansion with $177m USD investment
United Kingdom-based flat fee network Purplebricks has secured a $177m USD investment, funding its move into the New York market, with a launch planned for April 3. The platform got its start in the United Kingdom in 2014 before moving into the Australian market in 2016. It began to work its way into the America six months ago, with a…
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AI chatbot to take on common real estate interactions
A new chatbot service is set to improve the real estate customer experience by acting as a concierge when it comes to buying, selling, renting, providing suburb information and managing properties. Known as ‘Ding’, the AI chatbot was recently launched by Local Knowledge Property Group and has the ability to cater to a range of tasks in real estate. Co-founder…
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Digital platform aims to take the pain out of lease renewals
FLK IT OVER is a digital platform which allows tenants to sign leases via their smartphone, aiming to save property managers and agencies hours for paperwork. Agent send tenants a link to their tenancy agreement via SMS before the platform takes the tenant step by step through the details and conditions of the lease, requiring tenant approval at each step.…
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Australian startup Gavl recognised by IBM
The co-founder and CTO of Gavl, an auction live stream platform which launched in 2016, has been invited to speak at IBM Think 2018 in Vegas. The platform has live-streamed more than $5bn in auction sales over its time, and allows buyers anywhere to watch and bid on live auctions via app or website. So far Gavl has chalked up…
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New co-ownership platform launches to tackle housing affordability challenge
Kohab, a digital platform, community and marketplace for co-ownership, launched yesterday. The platform helps friends, family and like-minded buyers purchase a home together, connecting them with the right property, real estate agent, legal, mortgage and insurance providers all in the one place. Platform partners such as Sparke Helmore and National Australia Bank have been specifically selected by Kohab for their…
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Spinify bringing engagement and fun to the big game of sales
The days of the whiteboard and sales “pump-up” may soon be a thing of the past, courtesy of a tech tool that brings gaming and engagement to team motivation. Spinify is leaderboard software that integrates with CRMs to combine tasks, targets and achievement with a game-based ethos. Its aim is to bring fun, engagement and motivation to the heady world…
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Algorithm predicts risk or reward of property purchase
Imagine a simple algorithm that could help determine the risk or reward of a property purchase… Well, that’s exactly the new research tool available to property purchasers. Using data and financial modelling, an algorithm from Riskwise Property Review allows buyers a glimpse into the long-term risk or possible reward of a purchase, and the analysis is instant. Riskwise founder and…
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Console announce integrated payment solution
Console Group have announced the introduction of Console Pay as a new capability in their flagship property management and trust accounting software, Console Gateway. Console Pay powered Ezidebit, is now officially the first fully-integrated payment solution on the market. The integration provides full visibility of payment information and the ability to manage changes to payment schedules, such as rent increases,…
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‘One-stop’ CRM software designed for real estate
The ctcProperty platform is offering agents a one-stop solution that includes mobility built into the full life cycle of a busy agent. It covers the selling process, incorporating among other things lead generation, property appraisal, marketing of listings, an inspection app, vendor reporting and sales trust, in a single user-friendly space. ctcProperty is a software platform designed specifically for the…
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EAC delivers competitive advantage with Immoviewer 360
The Estate Agent’s Co-operative has announced the internal adoption of the Immoviewer 360 Virtual Reality product technology, allowing to conduct property viewings in Virtual Reality, from anywhere in the world. “Thanks to truly accessible 360 technology, prospects can now experience your properties as if they were really there, but from the comfort of their homes or offices,” says EAC CEO…
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ActivePipe completes $5.9m over-subscribed Series A round to drive global growth
ActivePipe, a Melbourne based automated communications platform for the real estate industry, announced it has successfully completed a $5.9m Series A funding round led by NAB Ventures, and joined by PieLab Venture Partners and other strategic individual investors. The round rapidly follows from the successful closing of a $1.8m pre-Series A round in August 2017. ActivePipe’s advisors were Asia Principal…
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Be ‘quick’ for your free 12-month subscription to Quickrealestate
Is quickrealestate.com.au the next provider to have a major impact on Australia’s real estate industry? With 250 agencies nationwide having subscribed to QRE within six months, and a 90 per cent increase in buyer and tenant alert registrations in the last month, the numbers suggest it is. “We now have a footprint in every major Real Estate marketplace in the…
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Agent Comparison Tool launches on realestate.com.au
Changes have also been made to the agent search experience, with people now able to search and find an agent directly from the main navigation on the realestate.com.au homepage. These changes will drive more people than ever to Agent Profiles and allow consumers to select and compare agents in their preferred suburb. The experience has been designed to empower…
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First time buyers entering the market but face long battle to save deposit
These are the findings of a national report released today by Bankwest, who note 94,135 properties were bought by first home buyers in the year to August 2017. The figure reflects an increase of 5.6% year-on-year since 2015, and accounts for 14.3% of all purchases recorded from January to August. Noting these were encouraging signs in an otherwise cooling market,…
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Real Estate Bookings Announces Integration with Agentbox
Real Estate Bookings, a leading marketing automation platform for real estate agents, is proud to announce advanced integration with Agentbox CRM. This integration means real estate agencies who use Agentbox and Real Estate Bookings can extend their capability and user experience. The Real Estate Bookings digital platform captures client enquiry from a range of online channels. The platform integrates with…
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Is the renovation boom over? Data shows demand for tradies softening
Building approval data provided by the Australian Bureau of Statistics reveals a mixed bag for tradies. Year on year, private sector house approvals are up 4.4 per cent, whereas private sector dwellings excluding houses (for example apartments) are down 5.1 per cent year on year. Some up, some down – so what does this mean? Of concern for tradies is…
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Rent.com.au solves the cats versus dogs debate
New data from Rent.com.au has solved the age-old dog versus cat debate and it’s no surprise that man’s best friend is Australia’s most loved household pet. Rent.com.au’s Pet Resume feature has now exceeded 50,000 resumes, with around one-third of renters choosing to attach a profile for their furry friend to their Renter Resume. “The ability to move into a rental…
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Juwai.com encouraging NZ agents to sell to Chinese buyers before government crackdown
“There is an old saying that a change is also an opportunity. We believe this proposed policy change has activated the group of Chinese buyers. They want to act quickly on transactions that otherwise would have taken many months,” said Jane Lu, Head of Australia for Juwai.com “These buyers previously took their time in researching their transaction and want to…
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Sarah Dawson joins Real+ as Head of Growth
Sarah Dawson has joined Real+ as Head of Growth bringing with her a wealth of knowledge and experience from her 20 years in the real estate industry. Sarah will be working in a senior capacity alongside Real+ CEO Fiona Blayney and General Manager Lauren Kirk and is responsible for the recruitment and outsourcing team and growing the business across the…
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VitrineMedia LED screens transform business of inaugural ‘Pimp my Shopfront’ winner
He’s referring, of course, to the VitrineMedia Backlit LED screens that have given the shopfront of his once dour premises on the town’s main street a vibrant facelift, increased traffic to the windows and contributed to a noticeable rise in sales since First National Gerringong won the inaugural ‘Pimp my Shopfront’ competition in late 2016 and as its prize, received…
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Lisa Herbertson promoted to National Real Estate Digital Editor at News Corp
Lisa Herbertson has been promoted to National Real Estate Digital Editor at News Corp and now oversees digital real estate content across News’ metropolitan mastheads. Lisa had been the NSW Real Estate Digital Producer since February this year, and was a Digital Producer at The Daily Telegraph before that. She tells EA about her experience playing professional hockey and what she…
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Online portal Invex connecting developers to agents
Invex founder Neil Smoli headed up the Aviate Group which he founded in 2001 and in his role saw there was a disconnection between developers and agents. “Investment is a double sided marketplace. One side is developers, of which there are 14,000 developers in the residential space. It’s a very large and fragmented market. In that you have smaller developers…
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Rent.com.au snapshot of the market and Australia’s most expensive and cheapest places to rent
Key points Sydney’s house prices show no sign of falling; prices increased 3.33% to a median of $620/week – still the highest prices in the country by far. Rent.com.au’s October property data indicates the national median remained stable month-on-month; median prices unchanged for apartments, houses and price-per-room (rental affordability). After a downturn in apartment prices in September for Sydney, median…
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Fairfax Media shareholders give green light for Domain to be spun-off
“Under the Separation, Eligible Shareholders will receive one Domain Share for every 10 Fairfax Shares held, allowing Fairfax shareholders to own a direct interest in one of Australia’s leading real estate media and technology services businesses,” Falloon stated. “Fairfax will retain a 60 percent interest in Domain immediately post Separation. Fairfax shareholders will hold the remaining 40 percent of Domain…
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Console Group announces the sale of Property IQ and ADL Software
Console Group has announced the sale and transfer of ownership of PropertyIQ Pty Limited and its subsidiaries PropertyIQ Strata Pty Limited and ADL Software Pty Limited to new owner, Macquarie Bank Limited. The sale transaction was completed in whole today and is effective immediately. PropertyIQ Strata Pty Limited is the business behind PropertyIQ Strata, a specialist strata property management technology…
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Titlexchange partners with Assembly Payments to improve cash flow for conveyancers
Gerard Healy, managing director of Titlexchange, says conveyancers often wait up to 90 days to get paid but Titlexchange’s service significantly reduces the payment tail and improves the business’ cashflow. The company create a bespoke solution with payments solutions provider Assembly Payments, which also powers Airtasker, hipages and Carsales. The feature is the latest addition to Titlexchange’s platform, which matches…
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REA Group re-launches Advantage Program
Andrew Rechtman, Executive General Manager of REA Group, says the philosophy behind the program is to invest in customers and helping to strengthen the real estate industry for the future. “The philosophy behind the program is to assist agents to keep growing and for us to give back to the industry that does so much for us. “The core principle…
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Buyer’s agency Cohen Handler launches education program
The Buyer’s Agent Institute is a five week education program aimed at providing the right information to those who wish to understand what it takes to become a buyer’s agent. Ben Handler, CEO and co-founder of Cohen Handler, says the idea stemmed from the flood of questions and queries Cohen Handler received about the industry, and a lack of sufficient information…
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Direct Connect appoints new Regional Engagement Manager
Rachael has over 21 years of experience in sales, management, and leadership within the real estate industry in both the UK and Australia. This role will see Rachael lead a team of experienced account managers who are focused on knowing the real estate industry and creating relationships with partners, including real estate agents who refer people back to Direct Connect.…
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Rex Software and CRM2Print announce integration
Rex Software says that for over 6,000 agents across 1,000 agencies using the platform, the mundane task of printing, folding, stuffing and posting direct mail is now a thing of the past. In three simple steps, users can send one, fifty or a thousand letters – direct from within Rex. “We’ve always recognised that every agency operates differently – and…
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Downsizing.com.au reaches 100,000 website visits per month
NSW’s Central Coast, Nelson Bay, Port Macquarie and Coffs Harbour, the Gold Coast and Sunshine Coast in Queensland and Hobart in Tasmania are among the website’s most popular retirement destinations. Greg Oddy, of Downsizing.com.au, said overall web traffic is up more than 40 per cent compared to last year and have around 1,500 new email subscribers joining their database each…
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Realestate.com.au top brand improver among Australian millennials
The Index looks at the top brands for word of mouth among Aussie millennials, with realestate.com.au’s experiences and video-led content across web and social resonating with the country’s largest and most technology savvy generation. From 2016 to 2017, realestate.com.au jumped 13 points on the index to be ranked the top brand improver among Australia’s millennial generation, aged 18 to 34 years…
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Storage start-up Spacer raises $2.7 million and acquires Parkhound
The key pillar to Spacer’s strategy has been to source, utilise and commercialise unused ‘space’, typically from households and small businesses. The next phase of growth will focus on offering commercial inventory and car park sharing with the acquisition of Parkhound. “Following our most recent round of funding, the second phase of business growth is focused on tapping into Australia’s…
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REAPIT looking to global expansion following US lead acquisition
The investment partnership combines the deep domain experience and strong track record of Reapit’s existing management team with Accel-KKR’s strategic expertise working with high-growth technology companies. The supplied press release indicated the partnership will enable Reapit to accelerate its growth and innovation, enhance products and services, and expand its technology offering. The Reapit senior management team will continue to be…
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