SUPPLIER NEWS
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Domain FY18 results show $6.2 million loss after Fairfax separation
Domain have shown a revenue of $286.6 million with a net loss after tax of $6.2 million in the company’s FY18 results. The loss comes after the company split from Fairfax and listed on the ASX in November. The company is no doubt hoping incoming CEO Jason Pellegrino, who begins his role at the end of the month, will boost…
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REA Group financial results show increased marketing spend and rise in revenue
The REA Group financial results have revealed the company increased its marketing spend by 23 per cent in the 2018 financial year, up from $60.415 million to $74.483 million. With the removal of the acquisition costs, REA Group showed a revenue increase of 20 per cent to $807.7 million. EBITDA (earnings before interest, tax, depreciation and amortisation) was up 22 per…
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Industry Supplier Update: Agentbox at AREC 2018
TRANSCRIPT Agentbox is Australia’s leading CRM. We actually work with more of the top agents in Australia than anyone else, which is actually over 30 per cent, and 20 per cent of the top offices. We’ve been able to build an end-to-end solution for sales and leasing. We’ve also been very excited to announce that we’re the first platform that’s…
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ActivePipe wins big at the Australian Business Awards 2018
For the second year running, Melbourne-based automated communications platform ActivePipe has been named a winner in the Technology Innovation, Marketing Innovation and Software Innovation categories of the prestigious Australian Business Awards. The win continues the growth the company has enjoyed over the last 12 months with their platform, which allows agents to streamline communication channels with their customers. According to CEO Ashley Farrugia,…
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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…
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Industry Supplier Update: @realty at AREC 2018
TRANSCRIPT @realty is a modern real estate agency. We are basically a platform that allows agents to run their own business under the @realty brand. So, typically, agents can hit a glass ceiling in an office that they’re currently working in. Their only option was generally to go and start their own office. But of course, with that comes the…
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DIAKRIT buys back majority shareholding from News Corp
Digital marketing solutions provider DIAKRIT have announced an agreement to buy its majority shareholding from News Corp Australia. The Swedish founded company will now be owned by its three original founders Fredrik Bergman (CEO), Dick Karlsson (Managing Director, Residential) and Martin Fritze (CTO), as well as Pontus Lindholm (Director, Sales Nordic), who will all continue to run the company backed…
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Compass announces it will license technology to other networks
US-based real estate brokerage Compass has announced it will begin licensing its technology to other firms. The company, which has been going through a strong round of acquisitions since receiving US$450m in funding in 2017, announced its first licensing deal last week, with Leading Edge Real Estate Group. The move will add another income stream to the growing brokerage, which…
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Re-Leased raise funds to expand commercial property management platform
Re-Leased, the cloud-based commercial property management platform, has raised NZ$2.3 million from New Zealand and UK investors in its first external capital round to fast track development and attract larger international customers. The platform manages over 35,000 properties worldwide for commercial landlords and managers , using cloud-based technology to reduce the costs of administering portfolios while also enhancing tenant services.…
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London-based startup to give loans based on future house prices
Proportunity, a startup based out of London, aims to help first home buyers with loans based on the forecast future price of their house. The company, started by entrepreneurs Vadim Toader and Stefan Boronea, uses machine learning to accurately forecast property growth, and will soon begin to offer equity loans allowing FHBs to increase their deposit. The UK already has a…
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Industry supplier recognised for exceptional customer service
Industry supplier Rockend have been recognised for their exceptional customer service by the Customer Service Institute of Australia (CSIA). The company was named a finalist in six categories at the CSIA-run Australian Service Excellence Awards (ASEA). The categories include the highly-contested Customer Service Organisation of the Year – Medium. It isn’t the first time Rockend has been recognised by the…
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Jordan Catalano and Tom Hywood launch real estate listings website
The sons of ex-Domain CEO Anthony Catalano and Fairfax Media CEO Greg Hywood have furthered their property ambitions with another niche portal. The third website for the duo, and second property portal, is House and Land Developments – a portal aimed at developers and investors looking for suburban house and land packages. From their AD Group Catalano and Hywood have…
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Industry Supplier Update: Campaigntrack at AREC 2018
TRANSCRIPT Basically, Campaigntrack’s a single platform you can manage all your marketing for your real estate. From traditional print, newspaper, signs, brochures, that kind of thing, and more recently digital marketing. We’ve partnered with, I guess, the two most memorable companies in the world. Arguably, the most powerful marketing platforms on the planet: Google and Facebook. We produced a product…
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Aussie startup HomePrezzo set to launch in US
A startup that allows realtors to create animated videos to show how their local property market is performing is set to expand to the US. Australian start-up, HomePrezzo, helps realtors create eye catching local area videos in under two minutes. The platform also offers social media infographic templates, rental templates and property listings. “Research from MIT shows that the human…
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Real estate platform launches, offers real-time global transactions
Twillis, a global online real estate platform, has launched out of Australia. The platform aims to bring agents together and create the ability for transactions to occur in real-time with transparency across Australia and South East Asia. Since joining the market in February 2018, Twillis has built a database of 20,000 licensed agents, and has a 10 per cent market…
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Industry Supplier Update: Style Bundle at AREC 2018
TRANSCRIPT Susan Beardsley: Hi, my name is Susan, I’m from Style Bundle. At Style Bundle, we’re all about tailored gift solutions for the property industry. Suzy Leys: We are the property gifting specialists. We tailor make gifting programs for our clients in the property industry. Susan Beardsley: We do it in a way that brings together a story for your…
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Agentbox joins forces with UK-based Reapit Group to expand Australian offering
Leading Australian real estate CRM solution, Agentbox, have partnered with the Reapit Group to deliver comprehensive solutions across sales and property management in the Australian market. The Reapit Group is a leading provider of CRM and property management solutions in the UK residential real estate space. The combined company is backed by Accel-KKR, a technology-focused investment firm with $4.3 billion…
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New platform aims to shake up commercial rental industry
uTenant is an online platform which offers a cost-effective alternative for industrial commercial tenants and landlords. “uTenant is intended to disrupt the commercial leasing industry like Uber has for taxis and Airbnb has for holiday accommodation,” said uTenant founder and director Matt Sampson. The platform will curate a list of properties based on size, location and term of lease for tenants,…
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Purplebricks backed short-term letting platform set to roll out across the UK
A short-term letting platform has set sights on agents, launching a software platform aimed at allowing properties waiting for rent or sale to be short-term leased by agents. Lavanda AGENT will allow agents to offer clients a money making option while their home is either waiting to be sold or without tenants. The minimum stay on the platform is two…
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NZME launches property portal OneRoof
OneRoof is a website providing property data and information to buyers, sellers, renters and homeowners. Running in beta since December, NZME is a part of a partnership between NZME and CoreLogic which aims to stop buyers in New Zealand using up to four resources to research potential properties. “Rather than traipse around three or more different sites trying to find…
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A shared database of buyer’s criteria to launch
An Australian real estate agent is fostering greater collaboration in the industry with a new app that acts as a shared database of buyers’ key criteria. Set to launch on April 12, the REXY app enables agents to input a buyer’s preferences at events like open homes. A push notification is then sent to other agents with suitable properties, while…
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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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