Purplebricks radically alters its fees structure in Australia

Purplebricks Plc (LON:PURP) is to raise and alter its fees in Australia in response to both local regulatory and housing market difficulties and to help its agents earn more cash, it has been revealed.

Purplebricks is to now charge $8,800 for a sale in two key territories, New South Wales and Victoria.  Half of which will be charged up-front and the other half on completion. This is a significant increase on its original up-front fee structure of $4,500 at launch in 2016.

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