REA Group’s ‘end-to-end’ play for the Australian housing market

June 16, 2021 2:33

News Corp majority owned ASX-listed real estate offshoot, REA Group, is continuing to diversify, announcing a 34% stake in Simpology, a leading provider of mortgage application and e-lodgement solutions for the brokering and lending industries.

The deal comes just days ahead of the second court hearing for the group’s 100% takeover of Mortgage Choice Limited, scheduled for tomorrow.

Mortgage Choice shareholders voted last week in favour of the proposed acquisition of Mortgage Choice by REA Group by way of a scheme of arrangement.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.