Nine’s property underquoting exposé is a work of immaculate timing
In property, an old proverb “location, location, location!” However, do not reduce the importance of timing.
Five days after the domain shareholders Approved the sale of the company According to the US ownership lists group Costar, nine articles were great with a series of stories about systematically testing in Saturday, Sunday and today in Sydney and Melbourne property markets.
Nine had approximately 60% of the domain name it received in the merger of $ 4 billion at the end of 2018 and Fairfax Media’s $ 4 billion. Like the parent, the domain name did not perform a star performance, especially in the housing explosion compared to the Rea group of the News Corp. However, the field shareholders will see that the Nine’s Network Votes of August 4, about $ 1.4 billion of net cash (50% of the current market value is 2.7 billion dollars) – this is a good agreement considering the current two status of Domain. The Costar purchase will be completed in September quarter and now the area shareholders will give their thumbs.
Probably, they would be very happy to give green light after Saturday: It was deliberately insufficient by real estate agents.
Nothing, especially in Australia’s first home buyers in the most expensive real estate market in Australia, does not indicate that the system was a waste of time without realizing that the work they compete in auction for a property, because the relevant real estate agents misled them about the price guide. For this purpose, it offers excellent stories that confirm nine, few reports and other Rorts claims.
Imagine that the story is broken before the impact on Kostar sales is completed. It was the victory of a timing for nine.
Saturday splash was an ideal day for stories to emerge, considering a large day for property inspections in Australia and auction. . Titles Sydney Morning Herald He could not be missed by tens of thousands of people to kick the tires and to offer an investment, a first home or market. In Melbourne, Age There was a similar shooting In the real estate market of the Victorian capital.
If the sale area had not been realized, it would be interesting to see how to handle the bad introductory for the domain name, housing market and real estate industry.
The field sales will be separated from the Australian Real Estate List Market basically foreign raids. Costar American and 61% Murdoch Clan’s News Corp, Rea Group is American. Lack of competition in the online real estate market, Australia Competition and Consumer Commission is investigating Rea Price fixing, carving, deceptive practices and print real estate agents on allegations.
When you enter the real estate market, it is best to get your hopes well.
