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The Latest Breaking News from REA Group

Selling a house in Australia is expensive. The ACCC is investigating one reason why

News Corp’s REA Group, behind real estate listings site realestate.com.au, is being investigated by the consumer watchdog amid complaints over its market dominance

The Guardian - AU

Aussie property market healthiest in years: REA boss

REA Group chief executive Owen Wilson says there are a lot of buyers and sellers of Australian property right now in anticipation of rate cuts.

AAP

Bank of mum and dad could run dry for retirement

Affordability constraints have many turning to the bank of mum and dad but parents have been urged to consider their finances carefully before lending.

AAP

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Realestate.com.au CEO sees house price growth slowing

REA Group CEO Owen Wilson says the company has had its best September since 2015, and the increased listings should moderate housing price growth.

AAP

Murdoch-backed REA abandons attempt to take over Rightmove

Decision comes after UK real estate portal turned down fourth offer from Australian property company

The Guardian - UK

Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal

The Guardian - UK

Rightmove should keep saying no to the Murdochs

Latest takeover offer from REA Group deserves a flat rejection, and there is still time for more action

The Guardian - UK

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Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - AU

Murdoch's REA Ups Offer For Property Website Rightmove

REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove.

International Business Times

UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – as it happened

Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues

The Guardian - UK

Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

The Guardian - AU

Rod Sims says ‘worth considering’ whether realestate.com.au engaged in anti-competitive practices as Greens blast ‘rigged’ system

Greens say the price hikes arising from REA Group’s dominance underscore need for new price-gouging laws

The Guardian - AU

‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Guardian - AU

Australians pay more than anyone in the world to sell their homes online

Prices at the News Corp-controlled realestate.com.au can be as high as $4,000 for a single listing, prompting complaints from vendors, agents and industry disruptors

The Guardian - AU

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The Guardian - AU

The ‘symbiotic relationship’ that makes selling a house in Australia so damn expensive

Dimitri Chrisis thought he would save money by ditching his real estate agent, but instead it meant the advertising campaign on his suburban home would cost thousands more

International Business Times

Property Website Rightmove Rejects GBP5.6 Bn Murdoch Bid

UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch's News Corp empire.

The Guardian - UK

Why are the Murdochs trying to buy UK property site Rightmove?

Eldest son Lachlan may want to repay Rupert for bid to hand him full control by protecting UK newspaper empire

The Guardian - UK

Rupert Murdoch-owned firm REA Group weighs up bid for Rightmove

UK property portal’s shares surge up to 25% in early trading amid interest from Australian property company

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The Guardian - UK

Volkswagen considering German plant closures and job cuts; UK factories report fastest growth in over two years – as it happened

German carmaker VW may make historic German plant closures in cost-cutting drive

AAP

Aussie shares rebound, rise to just under all-time high

After being down as much as 0.8 per cent in early trading, the ASX200 moved into positive territory in afternoon trading to finish up 0.2 per cent

AAP

Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

ABC News

Inside the 'opaque' property tech sector that helps real estate agents decide who gets a lease in a rental shortage

Australian technology companies that process rental applications for the real estate industry appear to be pulling back their platforms, as consumer backlash grows about the fledgling industry's allegedly "opaque" practices.

ABC News

Share houses make comeback as rental crisis continues and people lease out spare rooms

The demand for share houses is back to pre-pandemic levels as vacancy rates sit at historic lows and rent and cost-of-living pressures eat into Australians' budgets.

AAP

Ransom payouts lure 'lowlife' hackers: REA

REA Group's chief says the company behind Australia's biggest property website wouldn't pay a cyber attacker's ransom as it only encouraged more hacks.

ABC News

Rental applicants across the country pressured to pay for their own background checks

A tenancy law expert says it could be illegal in several states, while tenants’ advocates say it preys on vulnerable renters during Australia’s housing crisis.

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