The rapid growth of realestateview.com.au (REV) has continued, with the expanding property portal appointing Antony Catalano as a board member.
Mr Catalano and his business partner, billionaire investor Alex Waislitz, who acquired Australia Community Media (ACM) last year, now hold the largest interest in realestateview.com.au, with an economic stake of 26 per cent.
REV is the third largest property portal in Australia. Its audience has grown by more than 40 per cent over the last 12 months.
Realestateview.com.au chief executive Tony Balazs said the business had undergone a period of rapid transformation.
“The opportunity to work with ACM and extend our brand through their network is a clear vote of confidence for the work we’ve been doing. The opportunity will allow us to further grow our audience and deliver improved results for our customers,” he said.
“Antony has an impressive track record of rapidly growing media businesses, particularly in the real estate category. I feel confident that realestateview.com.au will grow its market value immensely by becoming part of Antony’s cross-platform media network.”
Mr Catalano’s appointment to the board follows the launch realestateview.com.au and CoreLogic’s price estimator late last year.
Mr Catalano said realestateview.com.au had a range of industry attractions but its most valuable asset was it’s highly engaged audience.
“This audience, coupled with the ability to deliver advertising solutions at speed, presents a compelling opportunity to create a multi-pronged media group inclusive of a property portal,” he said.
Star News Group, publisher of this title, has been an investor in REV since 2017 along with a number of other independent media publishers.
Star News Group Managing Director Mr Paul Thomas said: “This is a business with a significant audience and high growth.
“Antony Catalano and his 170 plus regional titles involvement will assist that rapid expansion. It will be a win for agents, vendors and buyers.”