Some major real estate networks, independent brokerage firms and franchise groups are joining forces in an effort to combat the influence of Australia’s top public listing portal, Real Estate Business reported.

The portal’s name and official launch date have yet to be announced. The companies involved include Belle Property, Century 21, Harcourts Group, IRENE (Independent Real Estate Network of Excellence), LJ Hooker, PRDnationwide, Raine & Horne, Ray White and Re/Max, REB said.

“There has been widespread discussion and concern within the Australian real estate industry regarding the current direction of third-party, online real estate portals and the future of online real estate marketing,” Nick Christian, the portal’s new CEO, told the news outlet.

“There has also been significant demand for industry leadership to be shown in this area.”

This move comes after realestate.com.au, Australia’s top listing portal, put in place new, unpopular fee hikes, according to REB.

“We believe as an industry we must have control of our data and ensure realistic pricing for our industry and its clients into the future,” Christian said.

“We must work together, putting aside brand competition and self-interest to make sure this becomes a reality.”

Source: rebonline.com.au

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
The best event in real estate kicks off next week! Tickets are selling quickly.Register Now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription