Australia online estate agent, Purplebricks, is planning to expand into Australia to tap into a £ 3.3bn market. The company has put together an Australian management team and is looking to invest £10m in the country over the next two years . Purplebricks recently listed and announced a 62% increase in its annual revenues to 3.3bn as the UK continues to turn away from high street estate agencies. We think Purplebricks prospects are strong and maintain our buy recommendation.’ The firm expects to have 245 agents by month end , up from 245 before its float. Chief executive, Michael Bruce , said Purplebricks currently has 62% of the non-traditional estate agency market and wants to replicate that success in Australia .
Australia online estate agent, Purplebricks, is planning to expand into Australia to tap into a £ 3.3bn market. The company has put together an Australian management team and is looking to invest £10m in the country over the next two years . Purplebricks recently listed and announced a 62% increase in its annual revenues to 3.3bn as the UK continues to turn away from high street estate agencies. The firm expects to have 245 agents by month end , up from 245 before its float. Chief executive, Michael Bruce , said Purplebricks currently has 62% of the non-traditional estate agency market and wants to replicate that success in Australia .