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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Purplebricks Group plc

    More articles like this

    Purplebricks plc

    Purplebricks Group: Rebound post lockdown

    What’s new: Purplebricks Group plc (LON:PURP) results for the year to 30 April 2020, show the Australian and US units as discontinued; but include the Canadian unit sold for C$60.5m (i.e. £35m) in July. Investors will focus

    Purplebricks plc

    Purplebricks Joins The Rainbow Trail

    Rainbows – a symbol of hope – are appearing in streets across the country as children brighten up homes and put paintings in windows.  This rainbow trend seems to have started in Italy but has now

    Zeus Capital

    Purplebricks COVID-19 update

    What’s new. This morning Purplebricks Group PLC (LON:PURP) has provided an “update regarding current trading and the potential impact of COVID-19 and Govt guidance on the UK housing market.” Key points are: 1.     Purplebricks first priority is health

    Purplebricks plc

    Moving home checklist for new renters

    Often cited as one of the most stressful things you can do in life, moving home can sometimes feel like an overwhelming task. And this is especially true for those who rent, with all the checks,

    Purplebricks plc

    Purplebricks Impact of COVID-19 crisis

    What’s new. After an encouraging seasonal increase in Purplebricks Group Plc (LON:PURP) instructions in January and February 2020, activity in recent days has slowed sharply and we see prospects for a prolonged period of low activity during

    Purplebricks plc

    Government support for PRS welcomed by landlords

    Landlord organisations, the RLA and NLA, have welcomed government action to support landlords and tenants affected by COVID-19. In a joint statement, the Residential Landlords Association and the National Landlords Association said: “Our priority is to

    Purplebricks plc

    A Coronavirus Update From Purplebricks CEO

    The safety and wellbeing of our customers and people is our number one priority, and as part of our response to COVID-19 (Coronavirus), I wanted to highlight some of the ways we will keep you moving

    Purplebricks plc

    Top tips for a quick sale in spring

    It’s on the way. Spring will soon be in full bloom and with the clocks set to go forward in just a few weeks, now is the time to embrace the opportunity for a new beginning

    Purplebricks plc

    House price growth at strongest rate for 18 months

    The latest figures released by Nationwide have shown that life is returning back to the market post-Brexit with annual house price growth edging up to 2.3%, the strongest rate for 18 months. Robert Gardner, Nationwide’s Chief

    Purplebricks plc

    Property transactions up 5.2% in January

    There were 102,810 residential property transactions recorded in January 2020 – 5.2% higher than January 2019 and 4.1% higher than December 2019, according to the latest HMRC statistics. The figures show that non-seasonally adjusted residential transactions