Tag: Australia


Catcha sells down stake in iProperty

Catcha sells down stake in iProperty

Patrick Grove's Catcha Group has sold down almost 25 percent, or 10,000,000, of its shares in iProperty at $2.63 per share. The announcement was made in an ASX listing dated October 16. Catcha's Kuala Lumpur-based Rev Asia earlier sold its 27.2 percent stake in iCar Asia. (Read our coverage of that

REA sells HK business to iProperty, strengthens shareholder grip

REA sells HK business to iProperty, strengthens shareholder grip

REA Group has sold its Hong Kong business to iProperty Group, in a deal worth AUD$15 million (US$13.5 million). The sale is subject to iProperty shareholder approval. iProperty will operate REA's squarefoot.com.hk and its own GoHome.com.hk. Squarefoot also has a printed property magazine that iProperty will take over from REA. REA's stake in iProperty of 17.2 percent, which it bought from Pa



New Australian startup for “good quality” local services

A Melbourne startup has launched a marketplace for “good quality” local services to create their own eCommerce platforms. ServiceLocale.com is currently in beta and has 25 businesses operating, it told StartupSmart.com.au. ServiceLocale co-founder Shiraj De Silva told StartupSmart.com.au that payments for services are still made in cash but that “once th


Onthehouse CEO resigns in controversy

Onthehouse CEO resigns in controversy

Michael Fredericks, founder, CEO and managing director of Australia’s Onthehouse, has resigned. Fredericks’ resignation follows his involvement in a legal battle against one of Onthehouse’s original investors, Phil Heraghty, that was completed on Sept. 23. In an announcement dated Oct. 1, Onthehouse stated the “private civil legal case had no impact on the financial performance or operations of


Domain buys Allhomes

Domain buys Allhomes

Australia’s Domain Group, owned by Fairfax Media, has completed the acquisition of All Homes Pty Ltd. Fairfax’s proposal to buy All Homes was given the go-ahead by the Australian Competition and Consumer Commission on Sept. 4. Domain and All Homes will now combine their operations in the capital Canberra but their brands will remain separate. Allhomes.com.au is the leading real estate portal


Property site for ‘plug and play’ products

Property site for ‘plug and play’ products

Former REA Group CEO Simon Baker has teamed up with fellow REA alum James Gray to form Property Portal Accelerators, positioned as a “one-stop-shop to find market leading 'plug and play' products and services” for property portals. PPA has announced the launch with six partners – ListGlobally, Transmit, Distil Networks, DIAKRIT, Nestoria Australia and Predictive Match. Read PPA’s statement o


Australia’s CarsGuide to charge per view

Australia’s CarsGuide to charge per view

Australia’s CarsGuide.com.au is revamping its business model from cost-per-lead to cost-per-view. In a press release announcing the new strategy, and its new website and mobile app slated for launch later this month, CarsGuide concedes the old model is “broken.” It will implement location-based search in December. Dealers will pay for every person who sees their ad as opposed to paying for e


After slump, SEEK expects growth

After slump, SEEK expects growth

Australian online recruitment company Seek Ltd. (SEK.AU) expects solid revenue and earnings growth in the coming year, after a 35 percent slump in net profit in the past fiscal year, according to MarketWatch.com. Last  year's slump came  after an accounting gain the previous year. Earn


He’ll ‘be back’ — in Austria? Australia?

He’ll ‘be back’ — in Austria? Australia?

Arnold Schwarzenegger is famous for three things: his body-builder days, his terms as ‘Governator’ of Kah-lee-fornya, and his line in Terminator, “I’ll be back.” Now, he’s going for a different kind of famous: The Austrian actor / politician has decided to move back to Austria --- at least, so goes the premise --- but he gets confused and winds up trying to find a home in Australia instead. He’



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