ACCC announces investigation into REA Group
The investigation comes as the News Corp-controlled real estate advertising service has told customers it would increase subscription prices for real estate agents by as much as 78 per cent from July 1.
Guest: Tim McKibbin, chief executive of the Real Estate Institute of New South Wales
Producer: Grace Stranger
The REA Group released the following statement:
"REA is committed to providing choice, value and flexibility to its customers and consumers, and remains focussed on delivering products and services that improve the property experience of buyers, sellers and renters.
"REA is cooperating fully with the ACCC and is unable to comment further for confidentiality reasons."
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an hour ago
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