Street Talk

Metrics-backed RealtyAssist to raise money as losses take toll

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 17, 2025 – 5.00am

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Last year, West Australian proptech platform RealtyAssist fell under the control of its primary lender, Metrics Credit Partners. Since then, according to a quarterly update sent to shareholders and now obtained by this column, the company’s finances haven’t exactly staged a turnaround.

In the note, Metrics managing director and RealtyAssist chief executive Tom Kellaway pointed to falling property listings and cost-conscious customers as the reasons why the company slid to a $8.5 million loss for the nine months ending March 31.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.