Why is selling a house online so expensive in Australia?

Did you know that Australians pay more to advertise their homes online than anyone else in the world?

Matilda Boseley from Guardian Australia explains why selling a house online is so expensive in Australia.

This video raises real questions about Australia’s real estate monopoly.

Real Estate dot com is part of the REA Group that has a market capitalisation of $26.7 billion and is larger than Coles.

REA is majority owned by Rupert Murdoch’s News Corp. It is so good at making money that it has become an object of ‘industry admiration’ across the world. One analyst has described REA as “just printing money” because it is near impossible not to use Real Estate dot com if you are selling a house in Australia.

Domain is owned by Nine Entertainment.



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