Online investment services provider Real Estate Investar Group has bought The Property Factory for NZ$550,000 (A$527,000).
The Property Factory, based in New Zealand, has experience in investment property sales as well as access to exclusive listings in New Zealand that are relevant to the Real Estate Investar membership base.
The acquisition accelerates Real Estate Investar's property sales business by allowing it to sell investment grade properties, in many instances at wholesale prices. The property sales business is expected to generate significant revenue growth from sales commissions and associated services.