Australia: and NAB announce five-year partnership

In an Australian first, REA Group’s and National Australia Bank (NAB) will bring together research for homes and home loan lending. The partnership will allow users of to apply for home loan products through the website. The lending products available to users will be provided by a number of Australian lenders, including NAB, as well as offer a white label product which is sourced by NAB. Antony Cahill, NAB Chief Operating Officer, described the joint venture as “We’re combining our respective expertise to deliver more to Australian property buyers and create a game-changing experience.”

Brokers also will play a key role in this business venture. Andrew Russell, Executive Director of Financial Services at REA Group explained broker involvement as, “We are exploring opportunities how to best bring a broker offering into our experience. We recognise that choice is very important and will be setting up an option to be able to deliver that to those that choose a broker channel.”

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