{"id":17972,"date":"2019-04-09T11:35:07","date_gmt":"2019-04-08T23:35:07","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=17972"},"modified":"2019-04-09T11:35:07","modified_gmt":"2019-04-08T23:35:07","slug":"purplebricks-will-stay-in-australia-says-ceo-after-exit-reports-surface","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/purplebricks-will-stay-in-australia-says-ceo-after-exit-reports-surface\/","title":{"rendered":"Purplebricks will stay in Australia, says CEO, after exit reports surface"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Purplebricks Australia\u00a0<\/strong><\/p>\n<p>Purplebricks Australia CEO Neil Tavender has said the estate agency is not leaving Australia, after a new report surfaced warning that poor global management has meant the network\u2019s Australian and US businesses will be forced to close.<\/p>\n<p>Investment bank Berenberg said the flat-fee network had flown \u201ctoo close to the sun\u201d in the UK market and might have to exit Australia and the US just to survive. At the same time, the bank cut Purplebricks\u2019 share price target to 80p from \u00a34.70 and switched its rating from \u201cbuy\u201d\u00a0to \u201csell\u201d.<\/p>\n<p>The\u00a0<em>Australian Financial Review<\/em>\u00a0reported: \u201cOnline estate agent Purplebricks has hit back at warnings it may have to abandon its struggling Australian operation, saying it is still looking to boost the business Down Under.\u201d<\/p>\n<p>Australian CEO Neil Tavender confirmed that Purplebricks is committed to the Australian market.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.realestatebusiness.com.au\/breaking-news\/18435-purplebricks-will-stay-in-australia-says-ceo-after-exit-reports-surface\">REB<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/www.instagram.com\/p\/Bv738RAFA-Y\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Purplebricks Australia\u00a0 Purplebricks Australia CEO Neil Tavender has said<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/purplebricks-will-stay-in-australia-says-ceo-after-exit-reports-surface\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":17973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098519,478104450,478100950,478098513,478098579,478098510,478098514,478100643,478098511,478098705,478098533,478098921,478098509,478104474],"class_list":["entry","author-data123nz","post-17972","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-home-ownership","tag-investment-bank-berenberg","tag-neil-tavender","tag-property","tag-property-market","tag-property-news","tag-propertynoise","tag-purplebricks-australia","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-franchise","tag-real-estate-news","tag-uk-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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