REA Group Ltd (REA)
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REA Group Ltd (REA)
Street appeal
Rising interest rates are already moderating housing activity, but REA Group’s core Australian business is humming as product innovation continues to boost yield. More investment in international businesses will soften near-term profit growth.
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REA Group Ltd (REA)
Going deep
REA Group’s strong first half result was not unexpected given the vigour of the property market. The core Australian business is humming and investment in associates continues.
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REA Group Ltd (REA)
House party not yet over
Lockdowns and restrictions remained a feature of the first quarter of the year for REA Group, but property listings are fully inoculated against the effects as volumes continue to grow. Encouragingly, yield growth has begun to contribute more to revenue growth.