Property

Trade Me offers monthly fee

Trade Me will offer a monthly subscription to real estate agents after complaints about its move to a per-listing fee.

Wednesday, July 30th 2014

Monthly subscriptions will cost $1399 per month in Auckland, Wellington and Christchurch and $999 elsewhere.

It comes after some agents boycotted Trade Me’s move to a $159 pay-per-listing charge last year. Businesses which stick with the pay-per-listing model will pay $99 if the house is less than $450,000.

Trade Me’s head of property, Nigel Jeffries, said the company had taken on board feedback that different markets operated across the country and affordability varied between vendors and real estate businesses.
“We acknowledge that the pay-per-listing model we rolled out last year works well for some business owners, but it does not work for everybody."

The company had earlier said about a quarter of real estate offices would pay less under its new structure.

Healthy lifestyle property market: REINZ

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