Next Place is an up and coming real estate search engine that allows agents to upload property listings for free.
The new online start-up has grown to become the number three site, after realestate.com.au and Domain, which generally charge a subscription or listing fee to agents who want to advertise properties.
“This arena is dominated by two major media players. However, we believe we have a disruptive business model and that we’re driving some real innovation in this space,” said founder, NSW entrepreneur Dan Tarasenko.
According to a media release, Next Place now includes 300,000 property listings from around 200 real estate websites and 8000 agents across Australia and New Zealand. It has also recently attracted support from leading investment executives, John Corrie, from Morgans stockbroking and Michael Millner, deputy chairman of the publicly listed Brickworks Limited (ASX:BKW).
Mr Tarasenko said the investment was particularly noteworthy given the extremely competitive nature of Australia’s property portal sector.
“This financing represents a significant mark of confidence in Next Place and our aggressive growth plans from this group of respected, highly experienced investors,” Mr Tarasenko said.
This high powered backing adds to support received from leading US webhost, Liquid Web. That partnership guarantees Next Place $25,000 financial assistance with web hosting and access to the Liquid Web Enterprise support team through to June, 2014.
Next Place claims to use ‘next generation’ technology that allows users to search for property with more accuracy, with the ability to search for specific terms often missed by other real estate search engines and geospatial ‘Draw My Search’.
Visit the site at www.nextplace.com.au