Fairfax Digital have been wrapped over the knuckles by the ACCC and have agreed not to advertise as ‘FREE’ a new mobile search service launched by Domain.com.au.

Using the advertised service users of the site could view properties from domain.com.au on their mobile phone (http://m.domain.com.au)and receive ‘free’ SMS alerts. Only one problem, SMS alerts actually cost the user 0.55c per alert and of course downloading or viewing listings on your mobile phone could also incur charges under most pathetic data plans offered by Telco’s, which is nothing short of pathetic.

I have a spanking new 16G iPhone and the service is quite good. Pity that about a 1/4 of the screen is taken up by ads from Commonwealth Bank and links on property pages to Home Loans (which by big thumb clicked on average 3 times per listing by accident). Still it is another one up on REA and I have to say the RSS feed service from Domain.com.au (for searches) is a beauty and saves a lot of time for myself/my friends and this has been up for a long time now and not replicated on REA.

So apart from a totally misleading advert (who from Fairfax seriously thought this one would get past the umpire?) it is quite a nice little service. I am still completely unconvinced about mobile phones for real estate - despite so many companies pushing it as I have not seen anything truly ground breaking (or useful) in this space.

In other news: Cuil goes live
A new search engine developed by some seasoned ex Google employees went live. Cuil.com is the new service and it is glaringly lacking in Australian content but getting some serious coverage on news websites. Has some nice features, but nothing really exciting here.

I’ve written about the iPhone on this blog before, but the thing just keeps getting better.

The new model released this week–a faster 3G model at about half the price of the original model–makes me even more clear that this device will transform real estate.

What has to happen for the iPhone to bring workable real estate onto a mobile device for the first time?

A smart developer just has to create the applications. KCPB is funding promising application developers, and all applications will be for sale or free in the “Ap(plication) Store” for instant download and installation.

Watch the Apple WWDC keynote video to see some examples of iPhone applications that were created in just a couple of weeks. Once you see the examples in the video–from companies like eBay, Loopt and Major League Baseball–I’m sure you’ll be blown away.

Despite Blackberry’s, Palm’s and Nokia’s best efforts, I don’t see them catching up any time soon. Just imagine a Blackberry product launch in which new features are greated not just with polite applause, but with outright surprise, laughter and joy. But, if they do catch up, all the better for the real estate industry.

Here is a handful of recent stories I thought you’d find of interest:

Real estate is spelled S-E-X in China.

Vodafone to sell the iPhone in Australia.

But, Vodafone might not be the only one (and here).

Suncorp and LJ Hooker launch real estate podcasts.

How to cope when Google dumps you.

First banks in Spain raise mortgage interest rates, then they encourage borrowers to invest in their own stock funds and certificate of deposits–instead of buying a house. Real estate agents are outraged. (in Spanish).

WAN gets realestate.com.au to power its real estate website.

Newspapers seem to be taking hit after hit at the moment as “New Media” is constantly creeping into its traditional core market. A new eBook reader called Kindle has just been released by Amazon in the US which points to the fact that the traditional newspaper’s days are numbered along with the books and magazines.

Print advertising is down billions of dollars every year as companies switch more and more of their advertising mix to the Internet. In the US last year more was spent by employers in recruitment advertising than on print advertising. I’ll bet there are plenty of other traditional print advertising markets that have suffered a similar fate. As an industry with a huge investment in print advertising we have some big changes over the next few years .

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