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iBuyNew has posted a significant increase in transactions during the 2015-16 financial year, now having access to more than $1 billion worth of stock.
According to ASX-listed Disruptive Investment Group, iBuyNew’s total transaction value rose by 75 per cent in FY2015-16 to $84.7 million.
iBuyNew CEO Mark Mendel said the agency’s sales increased by 63 per cent on FY2014-15, with 165 sales in FY2015-16.
Mr Mendel also commented that iBuyNew’s newly created house and land marketplace has already secured more than 50 listings in its first month of operation.
“Our house and land marketplace is highly complementary to our business and ultimately fulfils our core goal of delivering a clear and complete experience to consumers,” Mr Mendel said.
iBuyNew’s platform now offers more than 100 developments, with more than 3,500 new apartment properties nationally, as well as over 50 house and land listings across Australia’s eastern seaboard.
“We are pleased to have already secured more than 50 house and land listings in the pilot stage,” iBuyNew national sales and marketing manager Mark Vujovich commented.
“We can now deliver a new range of products to the iBuyNew database of 40,000 subscribers,” he said.
[Related: iBuyNew launches online marketplace]
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