Online real estate platform, Landchecker, has secured $3.5 million in funding led by Ruslan Kogan, with participation from the Victorian motoring organization, RACV. The platform is poised to take on major players like Realestate.com.au (REA) and Domain in the competitive real estate portal market.
Last year, RACV led the initial seed funding round for Landchecker, and has now joined forces with Kogan to support the platform’s expansion beyond its current footprint in Victoria. The funding round represents a significant step forward for Landchecker as it seeks to establish a national presence in the real estate market.
Can Landchecker differentiate itself from other property listing sites?
Landchecker stands out from most property listing sites by offering a wealth of information on the viability of a block of land. Its features include high-resolution aerial imagery, detailed property reports, listings and sales histories, planning permits and zones – all in one listing.
In 2016, architects and property developer Ed Farquharson, along with Mr Leaf and Toby Ewert, founded Landchecker. The platform now boasts eight million properties available for search and attracts 40,000 unique users each month. CEO Will Leaf said the funding will be used for expansion across Australia and investment in new product development, sales, and marketing.
The company has announced that significant efforts have been made to optimize their back-end technology, allowing for a nationwide rollout that promises an improved and more informative experience for all stakeholders, including consumers.
Utilizing a map-based interface, the platform offers unparalleled resolution and real-time access to essential property information, such as on-market listings and sales history, detailed property reports, high-resolution aerial imagery, planning permits, overlays, and planning zones.
