Real estate giants Domain and realestate.com.au have accused each other of making false claims in a fiery tit-for-tat legal clash.
In a lawsuit filed to the Federal Court in May, Domain alleged REA, which operates realestate.com.au, wrongly spruiked that it found buyers for nine in every 10 properties listed on its platform.
Domain claims the statements are not supported by the underlying data and has accused its competitor of breaching consumer laws.
A REA spokesperson said the company "stands by" the claims, saying they were based on analysis of one million sales and the findings had been independently verified by consultancy firm Deloitte.
REA has launched its own cross-claim over statements made by Domain which it alleges are false.
Domain's assertions that listings with its 3D modelling Matterport Suite receive 5.5 times more listing views and 4.2 times more buyer inquiries than comparable listings are misleading, REA alleges.
"These claims are based on a tiny sample of listings that were given disproportionate national exposure across the Domain homepage earlier this year," the REA spokesperson said.
The companies are Australia's largest providers of online residential real estate advertising, with each valued in the billions of dollars.
Domain's claims stem from publications including an April media release from REA which stated "realestate.com.au attracts the buyer for 9 in 10 listed homes that sell on the platform".
The release went on to state that the figures...
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