This Month
REA CEO race down to three amid power struggle with News Corp
The real estate giant’s chief executive, Owen Wilson, has flagged his departure later this year, kicking off a race for the top job that is nearing its end.
Another URL purchase reshapes Australia’s property market
US giant CoStar, which is taking over Domain, had bought the web address homes.com.au for a potential rebrand. Now apartments.com.au has quietly changed hands.
June
Metrics-backed RealtyAssist to raise money as losses take toll
The private credit firm owns around 78 per cent of the proptech start-up, which develops lending products across the real estate sales cycle.
May
Rival to PEXA quits e-conveyancing market
The decision by Lextech to withdraw its bid to become a settlement platform raises the question of whether larger Sympli is worth the investment for ASX Ltd.
April
Bailador-backed PropHero guts local operations despite $100m valuation
Emails between executives show serious unhappiness as the real estate investment start-up’s founders take the axe to local teams and move operations to Spain.
February
The tech entrepreneur who plans to give REA Group the fight of its life
If anyone knows how to shake up the fortunes of online real estate stalwart Domain, it is Andy Florance, the founder and chief executive of US giant CoStar.
November 2024
TikTok video sells $523,000 unit, avoiding fees for official listing
A social media walk-through gave potential buyers a real feel for this apartment, without the gloss – or cost to vendor – of advertising on a property portal.
October 2024
News Corp chief says higher Rightmove bid would have been ‘foolhardy’
The Murdoch family-controlled giant owns 61 per cent of REA, which had lobbed a $12 billion takeover bid for its British rival. But the offer was rebuffed.
September 2024
Will the Rightmove ‘fortress’ fall to REA’s siege?
Rightmove so dominates the UK market that its own CEO calls it ‘unassailable’. REA is hoping to seize the keys to the castle, but without tarnishing the prize.
This Trade Me-backed non-bank lender wants to consolidate the market
Real Flow Finance has tapped boutique advisory firm Ad Astra to help it find a capital partner.
August 2024
The banker and the builders want subcontractors to get Paid
Former Bendigo Bank boss Mike Hirst has invested in an app that could protect subcontractors – and shake up the lucrative market for building contracts.
June 2024
Proptech Archistar rules off raise; NAB, Skip, PEXA top up
Archistar has now raised $40 million since it was founded in 2018.
CBA unveils aggressive business banking strategy to take on Macquarie
Among measures outlined by the bank is a plan to target $20 billion in deposits real estate agents hold for renters, a niche dominated by Macquarie.
April 2024
The one tip PEXA’s boss got about property investing
The former Geelong schoolboy says flexibility is crucial as he insulates the monopoly digital property exchange from the threat of greater competition.
January 2024
Nicholas Moore-chaired start-up Willow back in front of investors
The company did not respond to our query about whether the raise was undertaken at a lower valuation.
November 2023
CBA takes on Macquarie in $49b rental payments market
Falling home ownership is boosting the demand for rental properties – and that’s creating opportunity for services to support the rental sector.
REITs M&A set to pop off in 2024: Corrs predictions
The firm also has its viewfinder pointed at the resource and energy sectors – the most active for M&A over the past 12 months.
October 2023
Patrick Grove-backed proptech seeks equity injection
Street Talk understands commercial property marketplace Sidespace is seeking a $2.5 million cash boost from new and existing investors.
September 2023
Charter Hall halves the retail leasing pain
The ASX-listed landlord and developer identified 93 steps across 11 different systems to manage a retail lease. AI and automation changed that.
The new way to unlock ‘hundreds of millions’ for affordable housing
The first national platform for affordable housing would also show for the first time where around the country all the homes were located.