Popular property forum to close

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One of Australia’s best known on-line property forums, Somersoft, is set to close.

Established 16 years ago, the Somersoft forum has gathered a strong and commiteed following of property investors, but rising hosting costs mean it will become inactive after June 30.

In a post last week titled End of an Era, Somersoft founders Jan & Ian Somers explained the costs of maintaining and operating the forum side of somersoft.com.au had become prohibitive.

“Until now, the costs to us to host and administer the site have been relatively modest,” the Somers said.

“However, it has now reached a point where the costs of hosting such a busy forum, including the costs of administration and community management, have become unsustainable without some form of commercialisation.”

Rather than seek to sell the forum or commercialise it any other manner, the Somers decided to de-activate and preserve the forum, believing it still has a role to play for investors.

“The current Somersoft forum will be preserved as an independent educational resource for the property investing community, providing insight and understanding to new generations of property investors who
come seeking knowledge,” they said.

“To facilitate this, we will shortly be archiving the Somersoft forum, making it read-only in that no more threads or posts can be made - but allowing the content to be freely searched and accessed into the future.”

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  • Adrian says on 22/06/2015 11:41:17 AM

    It's a shame they had to close but I don't think it had anything to do with the cost of running it which would be negligible (maybe $2,000 - $4,000 per annum). The Somers have made a lot of money through property investing and can easily afford to keep it open so I think there's other reasons behind the closure.

  • Jenny L says on 22/06/2015 10:44:57 PM

    Sorry to see Somersoft close down. I think that leaves Australian Property Forum as the longest running real estate discussion forum in Australia? I wonder if this means the housing bubble is close to bursting? Scary though!

  • Jim says on 23/06/2015 04:16:32 PM

    It was a good forum except at the end hijacked by a few who ganged up on anyone who expressed anything that they did not like. I stop posting on any forum now.

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