Domain Holdings Australia Limited (DHG)
All research reports and stock updates for Domain Holdings Australia Limited.
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Below reserve
Domain’s trading update did not contain any positive short term news. However, the residential property market, on which its earnings depend, is exhibiting signs of improvement that will support an earnings jump in FY24f for DHG.
Home truths
Rising mortgage rates have combined to put a big hand brake on residential property listings.
Going deep
Domain has executed its strategy very well to date and this is forming a good base for stronger future earnings.
Campaign coup
Domain’s acquisition of Realbase bulks up its Agent Services business and boosts the company’s offering in property technology.
Inspection required
Domain has coped well throughout the pandemic and is beginning to enjoy the much improved conditions. The underlying strength of the residential housing market was never really threatened by COVID but rising interest rates might present a new challenge.