- Tapping into the market leading strengths of both companies, Domain and PropertyGuru will connect property investors in Australia and South-East Asia to significant property investment opportunities in growing overseas markets.
- According to PropertyGuru's Property Sentiment Survey conducted in H1 2014, Australia consistently ranks as one of the top 3 overseas destinations for property investment with the perception that they will garner high rental yields and capital appreciation.
SINGAPORE, 27 November 2014 - Australian and South-East Asian property investors will gain insights and access into extensive property investment opportunities in growing overseas markets as a result of a new partnership between Domain Group and PropertyGuru.
Under the agreement, PropertyGuru will connect property investors in South-East Asia interested in Australian residential and commercial property to Domain.com.au and CommercialRealEstate.com.au. This makes Domain's 400,000 residential and commercial property listings available to the 10 million property buyers that use PropertyGuru's websites. At the same time, Domain Group will provide Australian buyers interested in South-East Asian properties access to PropertyGuru's over 1 million property listings from its key markets in Singapore, Malaysia, Indonesia and Thailand.
The strategic partnership comes at a time where interest from Asian buyers in Australian property is growing strongly. According to PropertyGuru's Property Sentiment Survey conducted in H1 2014, Australia consistently ranks as one of the top 3 overseas destinations for property investment. In fact, the National Australia Bank projected the growth of foreign buyers entering the Australian property market to be more than 7 percent in 2015. [1]
Domain Group Chief Operating Officer, Mr Tony Blamey said, "Both PropertyGuru and Domain Group have been active in forging strong industry partnerships to bring more property choices for property seekers. Through this collaboration, we will be able to combine our resources and achieve even more impressive results for the benefit of consumers and the real estate business."
"We will continue to explore opportunities to exploit synergies in our broad range of real estate media, data and software services to real estate agents, corporate clients and consumers in Australia and South-East Asia."
Steve Melhuish, Chief Executive Officer and Co-Founder of PropertyGuru Group said, "PropertyGuru and Domain have a shared vision and commitment towards empowering consumers while bringing benefits to real estate advertisers in the long run."
"By working together, we will be not only able to provide more value to home buyers, sellers, and investors, but also create robust initiatives that will allow our clients to connect with potential clients, and grow their businesses even more rapidly."
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For further information or to arrange an interview contact:
About Domain Group
Domain.com.au and CommercialRealEstate.com.au are part of the Domain Group which is owned by Fairfax Media, Australia's largest independent owner and operator of digital media assets. The Domain Group offers a broad range of real estate media, data and software services to real estate agents, corporate clients and consumers in Australia.
Domain.com.au - Good move
Domain.com.au is a comprehensive marketplace for Australian residential real estate with over 330,000 properties listed for sale or rent. Every month, Domain reaches 2.4 million property seekers and over 80% of Australian residential real estate agents through its website, mobile traffic and apps. Domain.com.au is the fastest growing major national portal in Australia, with a particularly strong position in Sydney and Melbourne. Its high-quality digital products regularly win industry awards and the Domain iPhone, iPad and Android apps have the highest consumer ratings in the Australian real estate category.
CommercialRealEstate.com.au - Changing the way you see commercial real estate
For space seekers and investors, CommercialRealEstate.com.au is a leading destination to buy, lease or sell commercial property in Australia. With over 50,000 listings promoted by more than 600 commercial agents, it attracts over 30,000 visitors each month and the audience continues to grow every day. Using a wide range of attractive features, such as intuitive keyword and interactive map searches, CommercialRealEstate.com.au is changing the way to find offices, retail, industrial, warehouse, leisure, agricultural properties and land.
About PropertyGuru
PropertyGuru Group is Asia's leading online property portal group used by more than 10 million property buyers, viewing over 90 million property pages and generating over 400,000 enquiries for real estate developer and agent advertisers - every month - across Singapore, Malaysia, Indonesia and Thailand. The Group has developed and launched 15 mobile applications in four countries and three languages. At the end of 2013, the Group recorded almost 2 million downloaded mobile apps, resulting in a slew of three MOBEX awards sweep. Headquartered in Singapore, PropertyGuru was founded in 2006 by two entrepreneurs with a vision to simplify the property search process and help buyers, sellers and investors make better property decisions faster. Taking advantage of Asia's growing affluence, property demand and online explosion, the company is market leader in Singapore, Thailand and Indonesia, receiving its first VC investment funding in 2008 and secured approximately $60m investment in 2012 from Deutsche Telekom, South East Asia's largest digital investment to date. PropertyGuru was also the first to integrate its website with social media, first to launch Singapore's only dedicated property newspaper - read by more than 100,000 readers island-wide every month - and it has also developed a property events platform, with approximately 30 shows held annually across four countries, addressing 30,000 potential property buyers on the ground.
PropertyGuru offices in the region include:
[1] Source: National Australia Bank, Quarterly Australian Residential Property Survey: Q4 2013, pp 4, 13 February 2014