{"id":14326,"date":"2018-10-01T11:09:36","date_gmt":"2018-09-30T22:09:36","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=14326"},"modified":"2018-10-01T11:09:36","modified_gmt":"2018-09-30T22:09:36","slug":"purplebricks-australia-vendors-pressured-to-cut-prices","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/purplebricks-australia-vendors-pressured-to-cut-prices\/","title":{"rendered":"PurpleBricks Australia vendors pressured to cut prices"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0PurpleBricks Australia<\/strong><\/p>\n<p>Faced with a mounting backlog of unsold properties and pressure from angry vendors,\u00a0<a href=\"http:\/\/www.purplebricks.com.au\/\" target=\"_blank\" rel=\"noopener\">PurpleBricks Australia<\/a>\u00a0has been offering cash prizes to agents in New South Wales who convince the most vendors to reduce their asking prices.<\/p>\n<div id=\"attachment_111519\" class=\"wp-caption alignright\">\n<p class=\"wp-caption-text\">\n<\/div>\n<p>In a competition the company dubbed the \u201cNSW Raffle,\u201d agents were required to secure a minimum price reduction of 5 percent on three properties to be eligible for a $5,000 prize,\u00a0<a href=\"https:\/\/www.afr.com\/real-estate\/residential\/purplebricks-ran-competition-to-pressure-vendors-to-cut-prices-20180919-h15kx2\" target=\"_blank\" rel=\"noopener\">The Australian Financial Review reports<\/a>.<\/p>\n<p>President of the Real Estate Institute of New South Wales Leanne Pilkington (<a href=\"https:\/\/www.linkedin.com\/in\/leannepilkington\/\" target=\"_blank\" rel=\"noopener\">LinkedIn profile<\/a>)\u00a0<a href=\"https:\/\/www.afr.com\/real-estate\/residential\/speechless-and-horrified-purplebricks-in-firing-line-over-discount-contest-20180920-h15n5w\" target=\"_blank\" rel=\"noopener\">called the competition<\/a>\u00a0\u201coutrageous\u201d and said she was \u201chorrified and speechless\u201d upon hearing the revelations.<\/p>\n<p>&nbsp;<\/p>\n<p>READ MORE VIA <a href=\"http:\/\/Faced with a mounting backlog of unsold properties and pressure from angry vendors, PurpleBricks Australia has been offering cash prizes to agents in New South Wales who convince the most vendors to reduce their asking prices.  Neil Tavender PurpleBricks COO Neil Tavender  In a competition the company dubbed the \u201cNSW Raffle,\u201d agents were required to secure a minimum price reduction of 5 percent on three properties to be eligible for a $5,000 prize, The Australian Financial Review reports.  President of the Real Estate Institute of New South Wales Leanne Pilkington (LinkedIn profile) called the competition \u201coutrageous\u201d and said she was \u201chorrified and speechless\u201d upon hearing the revelations.\">AIM GROUP<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0PurpleBricks Australia Faced with a mounting backlog of unsold<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/purplebricks-australia-vendors-pressured-to-cut-prices\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":13003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098519,478098535,478101161,478099855,478098513,478098579,478098510,478098514,478099365,478098511,478098705,478098533,478101072,478098509,478101162],"class_list":["entry","author-wpcomsupport","post-14326","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-home-ownership","tag-house-prices","tag-leanne-pilkington","tag-new-south-wales","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-purplebricks","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-institute-of-new-south-wales","tag-real-estate-news","tag-unsold-properties"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PurpleBricks Australia vendors pressured to cut prices - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/purplebricks-australia-vendors-pressured-to-cut-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PurpleBricks Australia vendors pressured to cut prices - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 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