Two property sites have inked a deal that will help Australian and South East Asian property investors gain access to property investment opportunities in growing overseas markets.
Under the agreement, PropertyGuru will connect property investors in South East Asia interested in Australian residential and commercial property to Domain.com.au and CommercialRealEstate.com.au. At the same time, the Domain Group will provide Australian buyers interested in South-East Asian properties access to PropertyGuru’s listings from its key markets in Singapore, Malaysia, Indonesia and Thailand.
The partnership comes at a time where interest from Asian buyers in Australian property is growing strongly. According to PropertyGuru’s property sentiment survey, Australia consistently ranks as one of the top three overseas destinations for property investment.
“Both PropertyGuru and Domain Group have been active in forging strong industry partnerships to bring more property choices for property seekers. Through this collaboration, we will be able to combine our resources and achieve even more impressive results for the benefit of consumers and the real estate business,” Domain Groups chief operating officer Tony Blamey said.
“We will continue to explore opportunities to exploit synergies in our broad range of real estate media, data and software services to real estate agents, corporate clients and consumers in Australia and South East Asia.”