Cuts to Trade Me fees 'desperate'

Last updated 05:00 04/08/2014

Relevant offers


British American Tobacco offers to buy Reynolds in US$47 billion deal Ikea NZ Facebook page set up: Is it finally coming to NZ? Auckland Council and contractors ordered to pay $120,000 to the family of killed rubbish truck worker 71yo asked to stand on hot water cylinder to plug in phone after bizarre UFB install Tuanz welcomes Vodafone offer to keep internet users connected The video that exposed Samsung's problems in China Harnessing the power of Pokémon Go Mystery hotel brand to take over Old T&G building New Zealand's net migration back at record breaking levels at almost 70,000 SkyCity expects Crown Resort arrests to hit falling VIP gambling

Price cuts for estate agents listing properties on Trade Me have been labelled a "desperate" move by rival agent-owned website said it now had 20 per cent more property listings than Trade Me and visits to its site grew 56 per cent over the past year.

On Thursday, Trade Me partially backtracked on controversial fee changes it tried to impose on real estate agents last year. The online auction and listings giant had been switching agents to a new model where they paid a $159 fee for each property they listed on Trade Me, but last week announced new options allowing them to pay between $999 and $1399 a month for an unlimited number of listings.

Many agents are understood to have switched more property listings to since last year.

A Commerce Commission spokeswoman said yesterday that the competition watchdog was continuing to investigate whether some agents might have breached the Commerce Act by going so far as to boycott Trade Me.

Trade Me Property head Nigel Jeffries said its property site was still attracting treble the audience of "its nearest competitor", which is chief executive Brendon Skipper said it would maintain its "all you can eat" monthly fees between $225 and $300.

Ad Feedback


Special offers

Featured Promotions

Sponsored Content