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The Latest Breaking News from REA

Competition minister ‘concerned’ Australians pay most in world to sell their homes online

Agents and critics claim business practices and pricing structure of REA Group - which owns realestate.com.au - stifle competition in market

The Guardian - AU

Murdoch's REA Ups Offer For Property Website Rightmove

REA Group, the Australian online property website majority-owned by Rupert Murdoch's News Corp empire, said Monday it has made a third multi-billion-pound offer to buy British peer Rightmove.

International Business Times

Rupert Murdoch’s REA raises Rightmove bid to £6.1bn

Group makes third offer for property portal, saying it is ‘disappointed’ at lack of engagement by board

The Guardian - UK

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REA ups its offer for Rightmove a second time to £6.1 bn

The REA board urged Rightmove shareholders “to encourage the board of directors of Rightmove to engage in constructive discussions.”

Evening Standard

UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – as it happened

Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues

The Guardian - UK

Why News Corp’s realestate.com.au can put fees ‘up and up and up’, according to ex-CEO

Simon Baker says REA Group’s property portal is viewed ‘jealously’ by others around the world because the home-sellers pay the bills

The Guardian - AU

Rupert Murdoch’s REA group ups offer for Rightmove to £5.9bn

About £300m added to deal for UK’s biggest online real-estate portal after first proposal unanimously rejected

The Guardian - UK

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‘The bear at the door’: estate agents say they fear speaking out about realestate.com.au ‘price gouging’

Multiple agents have told the Guardian that the News Corp-controlled property portal’s dominance has allowed it to quiet critics and aggressively hike prices

The Guardian - AU

Rupert Murdoch’s real-life succession drama is underway in a Nevada courtroom. What might happen next?

A unique court case is getting under way in Nevada this week. At stake is the future of the Murdoch empire. The case, which begins on September 17 local time, is scheduled to run (in secret) for two weeks, and sometime after that the Reno Nevada County Probate Commissioner will…

The Conversation

Australians pay more than anyone in the world to sell their homes online

Prices at the News Corp-controlled realestate.com.au can be as high as $4,000 for a single listing, prompting complaints from vendors, agents and industry disruptors

The Guardian - AU

The ‘symbiotic relationship’ that makes selling a house in Australia so damn expensive

Dimitri Chrisis thought he would save money by ditching his real estate agent, but instead it meant the advertising campaign on his suburban home would cost thousands more

The Guardian - AU

Surge in larger homes for sale amid capital gains tax fears, Rightmove says

Speculation Rachel Reeves to raise tax in budget thought one reason for some homeowners cashing out

The Guardian - UK

Rupert Murdoch-owned firm REA makes £5.6bn offer for Rightmove

Board rejects non-binding indicative proposal of 705p a share for UK’s biggest online real-estate portal

The Guardian - UK

Why are the Murdochs trying to buy UK property site Rightmove?

Eldest son Lachlan may want to repay Rupert for bid to hand him full control by protecting UK newspaper empire

The Guardian - UK

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The Guardian - UK

Rightmove can play hardball on asking price. It doesn’t need a Murdoch takeover

The UK property portal is in a strong position and is under little pressure to sell at anything other than a silly figure

The Guardian - UK

Rupert Murdoch-owned firm REA Group weighs up bid for Rightmove

UK property portal’s shares surge up to 25% in early trading amid interest from Australian property company

Evening Standard

Rightmove tops FTSE 100 after international bid interest from Murdoch's REA

Shares soar by almost a quarter

The Guardian - UK

Volkswagen considering German plant closures and job cuts; UK factories report fastest growth in over two years – as it happened

German carmaker VW may make historic German plant closures in cost-cutting drive

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AAP

Aussie shares rebound, rise to just under all-time high

After being down as much as 0.8 per cent in early trading, the ASX200 moved into positive territory in afternoon trading to finish up 0.2 per cent

AAP

Property market picking up in smaller capital cities

REA Group's CEO says property listings in Melbourne and Sydney might marginally decline in 2024/25, but Brisbane, Adelaide and Perth are showing growth.

The Guardian - UK

10 stunning hotels on Albania’s Riviera

Albania’s unspoilt Ionian coastline offers blue seas, picturesque villages and chic places to stay at great prices

The Times of India

High Court stays appointment of AAC in EFI, gives control back to EC

NEW DELHI: The Divisional bench of the Delhi High Court on Wednesday stayed the appointment of the Adhoc Administrative Committee (AAC) tasked with running the day-to-day affairs of the Equestrian Federation of India (EFI) and reinstated the Executive Committee elected in 2019.

The Times of India

Equestrian Federation of India considers legal action after court's order to appoint administrator, fears bankruptcy

The Equestrian Federation of India (EFI) is considering legal action following the Delhi High Court's decision to appoint an ad-hoc panel to oversee its operations. EFI claims that this ruling will impose a significant financial burden on the "poor sports body," forcing it to choose between paying the committee's fees…

The Conversation

Europe’s climate laws could spell the end to low-cost flights - but what about private jets?

The era of low-cost air travel in Europe may be over for good, thanks in part to recent EU environmental policies. All in all, this is good news for the climate. But many low- and middle-income people who used to travel around the EU will no longer be able to…

The Guardian - AU

Australian households on six-figure incomes can now only afford 13% of homes

New report shows housing affordability has reached its lowest levels in decades as market continues to rebound

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