Today realestate.com.au announced that it had finalised its deal acquiring Propertylook for just a tad over 9 million AUD dollars.

Propertylook is a worthwhile addition to realestate.com.au and it now leaves just them ( realcommercial.com.au) and commercialrealestate.com.au as the only two commercial real estate players in the market. The owner of Commercial Real Estate declined to comment to me when I called him earlier today, but he must surely be in negotiation with either Fairfax or Sensis.

(more…)

After getting off to one of the worst starts for any portal (bar justlisted), it seems Propertylook owners may be ready to cash in with Realestate.com.au doing due diligence and looking to purchase the commercial portal. Propertylook is majority owned by some of the major commercial franchise agencies in Australia ( read CB Richard Ellis, Colliers International, Jones Lang LaSalle and Knight Frank).

I must say - I am a little surprised actually, as I thought a major target for www.realestate.com.au would have been www.commercialrealestate.com.au as it has many more visitors, more listings and much more diversity in its range of member agencies. Who knows, they may as well buy that as well.

(more…)

This site somewhat scares me a little, it has a number of real estate agents that are major shareholders and charges high listings fees that continue to rise with silly things like images. Some recent Commercial sources have indicated that they have changed their pricing structure, but I cannot see this anywhere on their website and repeated calls have gone unanswered. So I will say this without reservation.

If you are not one of the many shareholders of this site then my advice would be to stay away at all costs, it makes no sense at all to list on this site unless they review their pricing structure which is just way too high.
(more…)

If you are not one of these founding Agents.

CBRE Richard Ellis.
Colliers International.
Jones Lang Lasalle.
Knight Frank.
(more…)