Original article by Michael Roddan
The Australian – Page: 21 : 28-Jun-17

Australian-listed REA Group will pay $A67m for an 80 per cent stake in mortgage broker Smartline. REA, which owns the realestate.com.au property listings business, has also established a partnership with National Australia Bank to provide mortgage broking services and realestate.com.au-branded home loans. REA forecasts that the acquisition of Smartline and the alliance with NAB will boost group revenue by $A26m to $A30m in fiscal 2018.

CORPORATES
REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, SMARTLINE HOME LOANS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CHOICE HOME LOANS