On 9th September 2015, Killara advised it had signed binding Heads of Agreement with BuyMyHome Pty Ltd (“buyMyplace”) for the acquisition by Killara of the entire issued capital of buyMyplace. The basis of this agreement is to use Killara’s public company shell and list buyMyplace.com.au on the Australian Securities Exchange.
buyMyplace, is an online real estate business that helps Australians sell their homes without paying commissions to real estate agents, saving an average of $15,000 in real estate agent commissions to the vendor. The business will capitalise on a growing trend in the Australia of selling homes online, mirroring the practice in USA, Canada and Europe, where online real estate sales account for between 10% to 22% of total residential property sales.
A prospectus will be available prior to the public company listing and, if you would like to register your interest in receiving a prospectus, please click on the link below and complete the registration. Patersons Securities have been appointed to manage the capital raising.