Revolt against REA price gouging growing

Original article by Samantha Hutchinson
The Australian Financial Review – Page: 15 : 25-Jun-14

Melbourne real estate agents are challenging the high prices charged by online property classifieds portal realestate.com.au. A group of 300 real estate agencies are angry about successive price rises. They have appointed a media buyer to negotiate with owner REA Group for fairer advertising rates. It is thought that Vizeum Australia will represent the group, which will be known as Real Estate Digital Marketing Services

CORPORATES
REA GROUP LIMITED – ASX REA, VIZEUM AUSTRALIA PTY LTD, AEGIS MEDIA AUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, THE REAL ESTATE INSTITUTE OF VICTORIA LIMITED, REALESTATEVIEW.COM.AU LIMITED, RIGHT CLICK CAPITAL MANAGEMENT PTY LTD, CENTURY 21 REAL ESTATE, KAY AND BURTON, RAY WHITE REAL ESTATE, HOCKING STUART PTY LTD, MARSHALL WHITE AND COMPANY PTY LTD, BIGGIN AND SCOTT PTY LTD

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