Trade Me property's industry-owned rival says it won't be affected by 'desperate fee cutting'

Fri, 01 Aug 2014

By Tina Morrison Aug. 1 (BusinessDesk) - Trade Me Group's main rival for property listings, industry-owned realestate.co.nz, doesn't expect its "dominance" in the market to be affected by New Zealand's largest auction company cutting its fees for agents. Wellington-based Trade Me lost market share of property listings since it tried to push through price hikes to agents starting late last year, according to a report by Craigs Investment Partners analyst Stephen Ridgewell, which showed Trade Me had 45,978 properties listed compared with it...

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