Real estate disruptors gain market share

Real estate disruptor, the ASX-listed DIY platform buyMyplace.com.au recently hit a milestone of 4000 properties sold over the past decade.

They were worth a combined $2.1 billion since launching in 2007.

The commission free real estate company advised they continue to experience strong growth, despite market activity declines.

The company has also confirmed the appointment of Linda Dillon to the role of Head of Acquisitions and Integration to spearhead its proactive acquisi-tion and partnership strategy.

A quarter of their sales have occurred in the past year with buyMyplace chief executive Paul Heath say the concept appealed to people with the time, confidence and desire to do it themselves.

buyMyplace charges fees starting from $700 for a basic selling package plus $900 if vendors take their home to auction.

It claims to save over $15,000 in agent commissions and marketing fees on a $500,000 home.

Another DIY selling platform, forsalebyowner.com.au, claims to have sold over 7000 properties worth more than $3 billion since beginning operations in 2011.