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The Guardian - AU
The Guardian - AU
National
Catie McLeod

News Corp’s realestate.com.au to stop forcing agents to list all properties with it after ACCC action

ACCC REA News Corp REA Group Gina CassGottlieb Guardian Australia
The Realestate.com app in Melbourne, Tuesday. Nov. 8, 2016. REA Group, the company behind realestate.com.au, has lifted full-year profit 20 per cent to $253.3 million. (AAP Image/Tracey Nearmy) NO ARCHIVING
REA Group’s ubiquitous realestate.com.au site is the main portal for buying, selling and renting property in Australia. Photograph: AAP

Realestate.com.au will no longer be able to force agents to list all properties on the site after an intervention from the consumer watchdog requiring the platform’s owner to remove restrictive provisions from its contracts.

The Australian Competition and Consumer Commission (ACCC) on Monday announced it had accepted an enforceable undertaking from REA Group, the News Corp-controlled real estate listings behemoth that runs realestate.com.au.

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