HWW Adds Property Value

[Sydney, AUSTRALIA] Content provider HWW will provide Australian Property Monitors, its 50:50 joint venture with John Fairfax, with an online home property information service for its banking and financial services customers.

The value-added service will enable banks and other lenders to obtain a price estimate of a property in a matter of minutes, based on recent sales and other comparative data.

HWW’s chief executive officer Anthony Ghattas said the service would significantly shorten the process for lenders. “The estimates will come from information in our extensive database of residential property information, which includes past sale prices, address, locality and demographics,” he said.

Mr. Ghattas added that he expected the service to bring significant gains in revenue to the Australian Property Monitors joint venture, keeping HWW on track to achieve forecast figures for the year ending
June 30, 2001.

Last month, HWW entered into a contract with Optus Mobile to provide entertainment and events-based for content for Optus’ WAP service.

The content has been specially modified by HWW in format, length and delivery method to maximize functionality on WAP phones and other wireless devices.