Trade Me will probably lure back real estate listings from rival after backing down on fees

Thu, 31 Jul 2014

By Tina Morrison July 31 (BusinessDesk) - Trade Me Group, New Zealand's largest auction website, will probably lure back real estate listings from its rival realestate.co.nz after yesterday backing down on a 10-month push to hike fees under a new structure, an analyst says. The Wellington-based company's shares have shed 24 percent since October last year, lagging a 9 percent gain in the benchmark NZX 50 Index over the same period, when the company tried to boost revenue by shifting all real estate agents onto a fixed fee-per-listing stru...

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