Trade Me may reap $22.5M more real estate ad revenue by hiking fees, fending off rivals

Tue, 11 Mar 2014

By Tina Morrison March 12 (BusinessDesk) – Trade Me Group will probably succeed in forcing real estate agents to accept higher fees, adding $22.5 million of property advertising revenue by 2017 as it pushes back on a challenge from smaller, industry-owned rival realestate.co.nz. Property is seen as the key growth engine for Trade Me’s classified advertising business as it faces flat revenues in its other main general auctions business. In a sign that rivalry for online property listings has heated up in the past six months, realestate.co.nz...

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