A new property site for the Aussies – a JV between PBL and Microsoft and with “the support of members of the Australian real estate industry”.
Shame about how it renders on Safari:

The site is for Real Estate agency listings only, and the service seems clunky – changes to listings are made by phone or email only, and there is no mention of how listings are loaded.
The closest NZ site is realestate.co.nz, and but myhome will need to get pretty much all agents signed up before they have a compelling reason to exist. (I’ve yet to find a single property on the site, but perhaps that’s because the site is poor)
Meanwhile myhome.co.nz diverts to a dodgy domain parking site, so I’m not expecting an imminent launch over here.

It’s pretty shitty on Firefox too, at least on my mac. Their Ajax components also somehow managed to crash IE on my windows boot.
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Well I think it’s just plain ugly. Just look at the buttons.
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