Your Views

Have your say on the issues of the day

What impact will Mike Pero have on the real estate sector?

83 comments
Entrepreneur Mike Pero in his Christchurch office. Photo / Simon Baker
Entrepreneur Mike Pero in his Christchurch office. Photo / Simon Baker

Entrepreneur Mike Pero has again moved to undercut the competition by slashing his commission on homes sold over $390,000, by a further 1 per cent.

Pero, who last week announced plans to launch a low cost real estate company offering a 1 per cent reduction on the rate "charged by most companies" has now lowered the fee advertised on his website for higher value homes, to 1.95 per cent.

Property investor Olly Newland said the move could prove to be a "watershed" moment for the industry if Pero lasted the distance.

What impact will Mike Pero have on the real estate sector? Here is the latest selection of Your Views:

Have your say

We aim to have healthy debate. But we won't publish comments that abuse others. View commenting guidelines.

1200 characters left

Sort by
  • Oldest

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_a5 at 20 Sep 2014 14:31:51 Processing Time: 1588ms