Purplebricks PLC (LON:PURP), has denied in the strongest possible terms that its business in Australia is in any kind of difficulty.
It follows a publication by the Australian Financial Review of claims that 27 Local Property Experts have quit since March, with suggestions that they have been unable to make the money they expected.
While EYE reported the claims on Friday, we also pointed out that the Australian housing market is suffering, amid speculation of a crash, which will have affected a number of agencies.
A Purplebricks spokesperson has told us:
“We have hired 18 agents in the last two months.
“The net number of agents in the field in Australia is unchanged from March, despite some churn.
“We are winning market share in a declining housing market.
“Our growth allows us to continue to recruit while many traditional operators are making substantial redundancies.”