WA real estate disruptor seeks ASX float
WA-based proptech disruptor ServTech, which owns the state's biggest real estate agency, Sell Lease Property, has tapped investors ahead of an ASX float.
WA-based proptech disruptor ServTech, which owns the state's biggest real estate agency, Sell Lease Property, has tapped investors ahead of an ASX float.
The high-profile brand's decision to remain a private company comes as conditions tighten for real estate firms.
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Desperate buyers pushed strong competition for the few available properties.
It will weaken, but the surprising strength of demand in the second half of 2016 is likely to continue into the new year, bank says.
Sydney's median house price jumped to a record $1.1 million in the December quarter.
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