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From Lohud.com:

 

Westchester's priciest property: $95 million. Taxes on a $95 million property: $221,166. Living large in your own personal paradise: priceless.

Yes, it really is Westchester's priciest property and it's really on the market.

 

Hillandale offers 262 acres of luxury with a capital L. Not surprisingly, this is not even your average estate - it's a pristine private paradise.

Exquisite only begins to describe this one-of-a-kind expansive, extremely private property that uniquely combines Old World grandeur and elaborate architectural details with modern ultra-sophisticated amenities.

If your idea of bliss is having everything you could possibly want all elegantly packaged in your very own immense estate, Hillandale may be for you.

For starters, Hillandale's next owner gets a 20,043-square-foot, 23-room sprawling estate that straddles two states (170 acres in Pound Ridge and 92 acres in North Stamford, Conn.), state-of-the-art gym, custom home theater, indoor and outdoor pools, tennis court, meticulously sculpted artistic gardens, four separate guest or staff residences, two barns, an authentic Native American tepee (built for the owners by the Smithsonian Institute), a stone chapel (created in France and reassembled on the property), a private five-acre lake and sandy beach, and, even a little history to boot - one wing sits on the foundation of the original 1900 structure.

Development of the property in past years, including its complete re-creation and transformation by the Haroche family (current owners and founders of Liberty Travel), has been handled with great care.

"The current owners have kept the property as one parcel and were committed to embellishing its natural beauty," said Joseph F. Barbieri, one of two Sotheby's brokers assigned to the property. "It's extraordinary to have a property of this acreage left intact and only 45 minutes from Manhattan, which combined with its extreme privacy makes it uniquely attractive to many types of buyers."

Large doesn't begin to describe this expansive estate. It's nothing short of vast - vast layout, vast grounds and vast vistas. All at a vast price tag.

Vast also means it's actually possible to lose your way just traveling from the main gate through the 5.5 miles of scenic winding road to the majestic main house.

The estate's grand profile continues through the home's entrance, where distinctive antique intricate filigreed bronze and glass front doors (adorned with an 18th century royal crest) open to a grand limestone and marble vaulted reception foyer that extends the full width of the house and showcases a 12-foot reportedly unsigned Tiffany skylight and a sweeping circular marble staircase to the second level.

Pristine would also be an understatement. Most of Hillandale's museum-quality features, including marble, limestone, onyx and gold architectural elements (from paneling to bath fixtures), were custom crafted by European artisans.

Even the cloak room off the foyer is an elegant and spacious work of art with distinctive hand-painted panels, a mirrored powder room and one of the home's 11 unique antique fireplaces.

The foyer that opens through French doors to the home's main fieldstone terrace also links the home's two wings.

A walk through Hillandale reveals one awe-inspiring room after another: the grand master bedroom suite encloses his and her marble bathrooms with onyx and lapis lazuli vanities (two of the 10 full baths and four half baths), his and her spacious dressing rooms lined with wall-to-wall closets (hers includes a discrete to-die-for walk-in shoe closet), concealed audio-video built-ins, marble fireplace, private Juliet balcony and hidden passageway to an upstairs office with its own en suite powder room; a formal dining room with inlaid flooring, hand-hewn antique pine paneling and lake-view bay window; and a star-gazing or sitting room linking two of five guest bedrooms.

Two separate staff bedrooms with full baths and fireplaces occupy an upper level with back stairs to the oversized upscale pine-paneled wood-beamed kitchen designed for grand-scale entertaining with Sub-Zero refrigerator and freezer, eight-burner Viking range, three Miele dishwashers, wall-to-wall cabinets, Indian granite counters, limestone floors, an oversized storage-packed island with seating for four and an efficiently attached secretariat desk, and enclosed walk-in pantry adding cabinet space and a second refrigerator.

A home that claims two states warrants more than one address, the option of two school districts (Pound Ridge and Stamford), taxes split between two states, and a special coordination of Realtors in New York and Connecticut in a marketing reach not limited to the U.S.

Barbieri confirmed that at $95 million, Hillandale is not only one of the highest priced properties in Westchester or Fairfield, Conn., but it may be the largest.

"This is by far one of the largest estates in this area," Barbieri explained. "To put it in perspective, Hillandale is 10 times the size of the average 20- to 30-acre estate in Westchester or Fairfield County. We haven't seen anything like this in almost 20 years."

On the market since the fall, Barbieri said the property continues to attract significant interest despite a downturn in the U.S. economy. "Properties in this price range normally take a bit longer to sell, but we're seeing a steady flow of activity, particularly now that the financial markets are beginning to resolve themselves," he said.

Realistically, who is likely to be a potential buyer? From Barbieri's experience, a cross-section of European buyers, financiers, developers, entertainers and entrepreneurs of all kinds.

According to Barbieri, whoever visits must come fully vetted and more than financially qualified. In fact, because the property can be viewed by appointment only, Sotheby's has withheld address details to avoid curious drive-bys.

An estate this grand is meant for a grand life in a residence ready built for grand-scale entertaining - not the having-guests-over-for-a-dinner-party entertaining, but hosting guests for a well-cared-for extended stay.

Where to put them? Not to worry. With five guest bedrooms (each with its own uniquely designed en suite marble bath) and four separate residences that can be used for guests or staff, accommodating guests is not an issue.

Neither is keeping them occupied. Hillandale offers a level of options that rival any secluded intimate resort. Among the endless choices: a conservatory equipped with drop-down ceiling screen home theater, full mirrored bar and wine coolers, circa 1650-stained glass window, and powder room with Tiger's Eye marble vanity; a heated roughly 75-foot mosaic marble-tiled indoor swimming pool with onyx and gold inlays, spa, wall-to-wall arched windows and spectacular view, attached dressing rooms, sauna, marble bath, kitchenette and upscale custom fitness room with TV and two-way mirrors to the pool; outdoor pool and air-conditioned pool house conveniently outfitted with a kitchen, bar area, and his and her dressing rooms and baths; full-size Australian-surface lighted tennis court with a canopy-covered viewing area and oversized chess set nearby; expansive stone terrace overlooking the property's private lake (Lake Susan) for dining or relaxing; and plenty of lavish landscaped grounds, gardens and woodlands to explore.

What guest would want to leave? Now that could be a problem.

--Karen Odom


From Albawaba.com:

Sorouh Real Estate Selects Hill International as Project Manager for Six Towers at Shams Abu Dhabi

Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has been awarded a contract by Sorouh Real Estate PJSC, one of Abu Dhabi’s leading real estate companies, to provide project management services for Gateway Towers 3 to 8 at the Shams Abu Dhabi development. The four-year contract has a value to Hill of approximately AED 128.6 million ($35.0 million).

Construction of the six mixed-use towers is expected to cost approximately AED 5.9 billion ($1.6 billion) and be completed by May 2012. The six towers will have a total built-up area of approximately 1.1 million square meters (11.8 million square feet). In addition to these projects, Hill is providing overall program management services to Sorouh during design and construction of the entire Shams Abu Dhabi development which includes residential, office, hotel, retail, entertainment and parking facilities, including Sky Tower, a 74-story residential and commercial skyscraper, which will be the tallest building in Abu Dhabi upon its completion. In addition, Hill is providing project management services for Tameer Towers, a mixed-use waterfront development located within Shams Abu Dhabi.

“Sorouh is proud to partner with companies that adhere to our own commitment to professionalism, international best practices, and creativity. Hill International reflects these innovative and dynamic attributes and I look forward to working closely with our partners on this exciting development,” said Mounir D. Haidar, Chief Executive Officer of Sorouh.

The Gateway Towers will be hallmark features of the Shams skyline,” said Raouf S. Ghali, President of Hill’s Project Management Group (International). “We are honored that we have the continued confidence of Sorouh and we expect that this development will be a major success,” Ghali added.

Abu Dhabi-based Sorouh Real Estate PJSC is one of the UAE’s leading real estate companies, with projects worth more than AED 45 billion under development. Set up in June 2005 with a capital of AED 2.5 billion, Sorouh is now one of the largest real estate developers on the Abu Dhabi Securities Market. In March 2008, Sorouh had a market capitalization of approximately AED 20.7 billion and approximately 40,000 shareholders.

Sorouh has more than 200 employees, working in master-planning and master-development and related fields, and is working on some of the most important developments in Abu Dhabi, including Lulu Island, Shams Abu Dhabi, The Gate District at Shams Abu Dhabi, Alghadeer, Saraya and Golf Gardens. In addition, Sorouh has developed partnerships with Metro-Goldwyn-Mayer Studios Inc. and Rubicon, Inc. to explore the development of entertainment opportunities within Sorouh's real estate portfolio.

Sorouh has received international recognition for its outstanding projects. Recent awards include:

• Best New Business - Middle East Business Achievements Awards 2007 • Best Commercial Project for the Gate District - Abu Dhabi Cityscape 2007 • Best Development, Central Park, Shams Abu Dhabi - CNBC Arabian Property Awards 2007 • Best Customer Service Company, Real Estate Category - Middle East Excellence Awards Institute 2008

For more information on Sorouh, please visit their website at www.sorouh.com.

Hill International has 2,000 employees in 70 offices worldwide providing program management, project management, construction management and construction claims and consulting services. Engineering News-Record magazine recently ranked Hill as the 11th largest construction management firm in the United States.

-Albawaba.com


From PRweb.com:

Jaco, Costa Rica (PRWEB) July 9, 2008 -- The Bijagua Costa Rica luxury real estate, located approximately half an hour's drive from the town of Jaco, is one of the most pristine residences in the Costa Rica area. The property's 60 acres atop a mountain are home to an 8900-square-foot residential compound with a three-bed, three-bath main house, staff quarters, a four-car garage, and several greenhouses. The Jaco property includes its own irrigation and storage systems and boasts views of the western coastline and surrounding mountain ranges.

Beachfront lofts are also available along the Jaco coastline. These two-bed, two-bath residences are ideal for vacationers looking for peace and quiet. Units are compact and environmentally friendly, with top-grade finishes and private decks. The Jaco real estate development will include a swimming pool.

Costa Rica luxury real estate Properties are also available in the Wyndham Garden development. Wyndham Garden condominiums and villas offer residents the amenities of a five-star resort. Units can be purchased with all finishes and furnishings in place, and the complex includes a full range of services including child care. All residences provide full views of the mountains and the ocean.

For Jaco real estate investors, and developers, land zoned for use as planned communities is available. These parcels can be built to include condominiums, townhomes, golf courses, and clubhouses. Opportunities exist for Jaco real estate development that is in tune with surrounding rain forests and natural features.

Property ownership in Jaco, Costa Rica is accessible to buyers interested in primary residences, vacation homes, luxury real estate, and investment opportunities. Properties are available that meet long-term living needs, as well as included maintenance and upkeep for buyers who choose to live in Jaco on a part-time basis.

The community of Jaco, Costa Rica is welcoming and vibrant. The main town includes restaurants, shops, and bars. Popular attractions include beaches, mountains, and eco-tourism. Surfing and fishing are popular local pursuits. The Costa Rica luxury real estate community is easily accessible and is within reach of major population centers.

Recent adjustments in Costa Rica real estate transfer and ownership laws make foreign ownership of Costa Rican property attainable. Coldwell Banker's Vesta Group provides concierge service for interested buyers who require help navigating the purchase of property in Costa Rica. Financing of up to 80 percent of a home's appraised value is generally available in either U.S. dollars or Costa Rican colones.

For additional information on Jaco, Costa Rica luxury real estate properties available, contact Lisle Head Toll Free at 866-403-1345 or visit www.cb-jaco.com.

ABOUT COLDWELL BANKER VESTA GROUP: Coldwell Banker has served the real estate needs of clients worldwide for over 100 years. The Jaco-based Vesta Group represents buyers and sellers in the Central American nation of Costa Rica.


From Marketwatch.com:

BEIJING, July 9, 2008 /Xinhua-PRNewswire via COMTEX/ -- Xinyuan Real Estate Co., Ltd., a fast-growing residential real estate developer with a focus on strategically selected Tier II cities in China, today announced that it has been selected as one of China's Top Fifty "Golden" Overseas-listed Chinese companies by CEO & CIO magazine, a prominent Chinese magazine focused on business management.

 

"We are delighted to be recognized among this elite group, including peers operating across many different industries in China," said Mr. Yong Zhang, Xinyuan's chairman and chief executive officer. "We believe that our disciplined focus on high asset turnover, efficient capital management and strict cost control helped us to be considered as a top overseas-listed Chinese company."

 

The publication narrowed its top fifty from a list of 537 medium-to-large China-based companies listed on major stock markets, including the Hong Kong Stock Exchange, NASDAQ, NYSE and the Singapore Exchange. The magazine noted that key selection criterion was based on robust revenue growth and high investment returns.

 

Xinyuan's compound annual growth rate of approximately 100 percent over the past three years was cited by the magazine as a key factor in Xinyuan's selection as one of China's Top Fifty "Golden" Overseas-listed Companies.

 

About Xinyuan Real Estate Co., Ltd.:

 

Xinyuan Real Estate Co., Ltd. is a fast-growing developer of large scale, quality residential real estate projects aimed at providing middle-income consumers with a comfortable and convenient community life. Xinyuan focuses on China's Tier II cities, characterized as larger, more developed urban areas with above average GDP and population growth rates. Ranked #1 among all property developers in Zhengzhou in terms of contracted sales of residential units for the years 2004, 2005 and 2006, Xinyuan has expanded its network to cover a total population of over 34.5 million people in six strategically selected Tier II cities, comprising Hefei, Jinan, Kunshan, Suzhou, Zhengzhou and Chengdu. Xinyuan has completed 14 projects with a total GFA of over 1.0 million square meters within the past 10 years and as of March 31, 2008, Xinyuan had 8 projects under construction with a total GFA of 1.2 million square meters and five additional projects under planning with total GFA of 1.2 million square meters. Xinyuan is the first real estate developer from China to be listed on the New York Stock Exchange. For more information, please visit http://www.xyre.com .

 

- Xinyuan Real Estate Co., Ltd.


From seonoobs.com:

As a growing number of consumers use the internet to influence their purchasing decisions, the importance of SEO has become apparent. Companies wishing to grab a piece of this online market are using SEO techniques to help their website stand apart from the crowd. Most recently, those in real estate marketing have seen the value of search engine optimization, and they have used this strategy to increase their customer base and boost their overall profits. Here are 3 reasons you should consider using SEO if you are a real estate marketer.

  1. Over Half of All Realtors Have Websites- According to Realtor.org, over half of all realtors currently have a website. With the market shifting online at an alarming rate, this number is always growing. This means the internet is overloaded with websites of realtors. In order to gain a competitive edge over other realtors, you should consider optimizing your website for relevant keywords. By doing this, you will be more likely to generate traffic from relevant search queries. If you don’t optimize your site, you risk being lost in the crowd of real estate websites, and that means the loss of potential clients.
  2. Customers Use the Internet to Buy Homes- Recent studies indicate almost 75% of home buyers use the internet during the purchase process. Databases of available homes with detailed photographs have eliminated the need for spending months driving to houses. Customers now use the internet to narrow the field of homes they are interested in. in short, the internet has become the first salesperson the customer interacts with. Since most customers are going online to browse homes, you should optimize your site to grab their attention. Because most internet sessions start with a search, using SEO can drive targeted traffic to your real estate website.
  3. Local Keywords Have Less Competition- In my first post on SEO Noobs, I discussed the benefits of localizing keywords. Real estate marketing presents the perfect opportunity for taking advantage of local keywords. Customers typically have a preferred city or neighborhood they would like to move to. Therefore, they include this geographic area in their search for available homes. If you optimize your listings according to their location, you will be more likely to appear higher in the SERPs. Local keywords have fewer competitors, so they tend to rise to the top easier.
-Eric Brantner

 

REALESTOCK ANNOUNCES JOINT PARNERSHIP WITH NEW CONDOS ONLINE

Exciting Partnership of Two Online Real Estate Greats Gives Buyers the Most Up to Date Options

 

Victoria B.C. (May 12, 2008) – Realestock.com, the leading aggregator of luxury homes online has announced today its partnership with NewCondosOnline. Realestock is a state-of-the-art web-based hub for condo buyers to research new and existing condos, and also connect with a wide variety of expert developers, builders, and sales agents to the consumer market. Through the Alliance, RealEStock and NewCondosOnline combine the greatest presence on the Web of new luxury and development projects globally – offering search, community and direct contact with developers of those projects from around the globe.

 

“We are absolutely elated at this partnership,” said Tim Vasko, CEO and founder of Realestock. “Our new venture will truly bring together two of the greatest, most dynamic online real estate companies in an powerful alliance that truly provides the most exclusive, comprehensive and reliable information available to luxury seekers and buyers of exclusive lifestyle second homes in prime locations, resorts and estates around the globe” Vasko added.

 

Realestock features a community of two-way integrated communication between buyers and the developers/sales agents behind a vast array of projects throughout the US, Mexico, Canada, and the Caribbean. Members of Realestock may communicate with all of the various parties involved in any number of developments which they are interested in pursuing. Prior to visiting a selected property, prospective buyers can learn all of the answers to their questions by expert and knowledgeable agents – or get the scoop from the street from the evolving Realestock community postings. All information on the site is updated in real time, so listings information is fresh and events, opportunities and important news is accurate and up to the minute.

 

Brent Gleason, President of NewCondosOnline noted that “This partnership brings together two of the finest resources in the online real estate community, and will continue to transform the real estate industry with innovative web 2.0 applications. Realestock’s enterprising platform, driven by cutting-edge technology, is the perfect pairing for us and will help to grow our name and business even further.”

 

About Realestock

Realestock.com, a CMAEON company, has helped facilitate over $450 million in sales from around the world for some of the most recognized and prestigious brands on Earth. Esteemed customers such as us the Four Seasons Residences, Sotheby’s International Realty, The Private Residences at Hotel Georgia and Dockside Green - just to name a few - trust us as their premier online marketing, web design and technology partners. Our services have helped these brands and organizations to build their business, get leads, and sell more real estate around the globe.

 

About New Condos Online

NewCondosOnline.com is the largest one-stop resource to find and compare new condo developments worldwide. For homebuyers, investors and agents NewCondosOnline.com offers the most user-friendly online global marketplace to find and compare new condo and townhome communities. For developers, home builders, and real estate marketing firms NewCondosOnline.com provides the most cost effective resource to advertise new developments and gain the exposure necessary to accelerate the sales momentum. New Condos Online is the leader in the online advertising industry for condos and provides services to the most respected homebuilders and marketing companies in the country.

###


Key Largo

Key Largo

See More Views:

1 2 3
Original listing price: $6,700,000 Time on market: New Bedrooms: 5 Baths: 6 Square feet: 8,879

Description: The roof-top terrace of this beach-front Florida contemporary commands gorgeous views of the Keys and surrounding water ways. Guests can soak in an eight-person Jacuzzi and look for passing dolphins, manatees and pelicans.

Indoors, extras include an outdoor kitchen, wet bar, travertine floors and marble baths. But outdoor living is king here with Gulf breezes cooling the sub-tropical heat. There's a T-shaped, concrete dock that extends 100 feet into Largo Sound that can accommodate up to eight large boats. There's also a boat launch, sand beaches, a Tiki hut and marble decking on the one-acre property.

For further information: Luxury Portfolio Auctions

Source: CNN Money


New Real Estate and Online Community Launches Beta Site with Sotheby’s International Realty and Four Seasons Properties

March 14, 2008 (Victoria, BC) – Realestock.com launched today as the first global search comparison engine and online community dedicated to new and dynamic property developments, resale properties, and a variety of investment properties from the world’s most esteemed locations. Featuring a portfolio of more than 1000+ properties in 40+ countries, Realestock.com, along with partners such as Sotheby’s International Real Estate Canada/Blue Print Global and CondoCenter.com, provides important buyers and investors the ability to discover, research, compare and assess worldwide residential and resort properties that best fit their lifestyles and investment goals.

Realestock serves with adept precision as an aggregator, online listing community, and luxury auction site, seamlessly connecting property developers and premier real estate marketers to an affluent customer base in key international markets. Created by the founders of CMAEON, the real estate industry’s leading developer of software, business tools and digital solutions to help developers communicate with customers, prospects, suppliers and partners, Realestock.com has partnered with The Four Seasons Private Residences, Dockside Green, globally known as the leading GREEN developer, and more than 1000+ marquis property developers.

Tim Vasko, the Founder and Chairman of Realestock.com said: “The launch of Realestock.com will become the most useful resource to connect sophisticated buyers with the right real estate development. As it stands today, confused property buyers have to access multiple and ambiguous sources – both online and offline – to aggregate real estate choices that meet their personal or investment goals. With one confidential profile, Realestock.com will bring the global real estate community connected to one powerful source.“

Potential buyers can easily search and compare properties through detailed criteria models which include property type, location/environment preference, price range, amenities or any other keywords. Realestock tools use proprietary technology to refine the search and provide immediate results. For longer-term search parameters, the user is able to create a customized and confidential online account and Realestock will continue to update user profiles with property selections based on new information and developments introduced to the market. Access to Realestock is complimentary and available worldwide for the international property buyer. Realestock ensures a swifter and wiser investment by connecting all stakeholders in the real estate industry and simplifying the usually complicated process of researching, and ultimately purchasing, a premium property.

Realestock consumers will be able to save specific searches, cross reference properties and monitor the progress of new developments. To further personalize and target the search for qualified buyers, Realestock customers can create a “Property Wish List” request. When a desired property becomes available within their chosen search criteria, the customer will then be notified.

Featured developers on Realestock are pre-qualified based on reputation and longevity. Property developments are presented online with detailed profile pages that include comprehensive property listings including information on the development, images, virtual tours, community reviews, blogging/interactive community features with developers, and mapping tools.

"Realestock.com will be the definitive, most comprehensive database resource for real estate investors seeking premier properties worldwide," says Ross McCredie, President and CEO of Sotheby's International Realty Canada. "Today's buyers are increasingly utilizing state of the art web technology to acquire investment purchases and manage financial portfolios. The difference with Realestock.com is the best-in-class capability that delivers expertise, intelligence and quality."

Leading up to the official launch in Spring, 2008, Realestock will continue to enhance the user experience with exclusive features and customized functionality, including multi-lingual, country-specific visual integration. For example, the unique provenance and architectural elegance of the Hotel Georgia in Vancouver, B.C., is showcased, highlighting new luxury private residences which are part of an exciting expansion development.

ABOUT REALESTOCK.COM Realestock.com, a CMAEON company, has helped facilitate over $350 million in sales from around the world for some of the most recognized and prestigious brands on Earth. Esteemed customers such as us the Four Seasons, Sotheby’s International Realty, The Private Residences at Hotel Georgia and Dockside Green - just to name a few - trust us as their premier online marketing, web design and technology partners. Our services have helped these brands and organizations to build their business, get leads, and sell more real estate around the globe.

# # #

CONTACT: Matthew Frappier Edelman 212-819-4802 Matthew.Frappier@edelman.com


This story is about six months old, but interesting nonetheless.

This real estate guru has a plan to use models as real estate agents to maximize sales:


From the Fairfax Digital

Real estate agents are turning to online advertising as an affordable alternative to print in increasingly uncertain times, a leading internet company says.

But agents argue a nervous market isn't the only reason for the increased spend and no-one should write off print advertising just yet.

REA Group, which operates realestate.com.au and realcommercial.com.au, says agents are now spending 34 per cent more advertising with them than they were 12 months ago.

Agents spent $41 million in the first half year of fiscal 2008, up from $30.5 million in the six months to December 2006.

Average spend per agent increased 29 per cent.

"Where listings take longer to sell or rent, the internet is the most cost effective way to reach a large audience over a long period of time," REA Group managing director Simon Baker said in a statement.

However, there are other reasons at play too, says Ray White Group deputy chairman Sam White.

His business increased its national online advertising spend by 45 per cent in calendar 2007, but its print advertising budget was also up, by 25 per cent.

Mr White says as the market gets tougher following 12 consecutive interest rate hikes, advertising budgets are being ramped up across the board as rivals fight to differentiate stock.

"We're a believer in both print and online," he says.

"It's a critical mix."

He says no matter the state of the market, sellers and landlords often use online advertising first to gauge interest in a property.

"A lot of people delay the decision to go to print before they've tested the online market," Mr White says.

"But we still have a very firm belief that print is a pretty critical place for getting a premium price for our vendors."

Mr White, who is also a director of REA Group, says while property owners' first port of call is online, the opposite is true for many buyers.

They start the search process in print and then "migrate online over time", he says.

Mr White agrees that online advertising is more cost effective if properties are taking longer to sell.

But he says another reason for an increased internet spend is the greater "depth" of available services.

The various websites used to charge fairly standard fees and rank properties themselves, he says.

"(But) now agents can choose to have a platinum subscription," he says.

"They can choose to have a guaranteed top spot or banner advertising."

So long as they pay for it.

Nevertheless, online advertising is still much cheaper than print and most agents list properties in both mediums.

"At the moment agents and vendors don't need to make a choice between them because of the (low) cost," Mr White says.

"So whether or not print will become less relevant will depend largely on what happens to online pricing."

Meanwhile, Mr Baker also revealed he had purchased an additional 15,000 shares in REA Group for $64,000.

That takes his total holding to 3.11 million shares worth $13.92 million.


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