Strong spring start give REA a boost

GENERAL NEWS

SELLER confidence pushed listings higher in the September quarter, helping News Corp’s REA Group, operator of the realestate.com.au and realcommercial.com.au...

REA Group netted $413 million in revenue in the quarter, and operating earnings lifted 23% on the prior corresponding period (pcp) to $243 million...

“Seller confidence continued to drive a strong listings environment in Q1, delivering greater choice for buyers and some moderation in house price growth,”...

In this healthy market, we hit new audience records and our customers increasingly leveraged the value of our premium products differentiate their properties...

National listings lifted 7% in the September quarter, with the major markets of Sydney and Melbourne seeing respective rises of 11% and 9%. That drove Australian residential business...

Its realestate.com.au portal received visits from 11.9 million people each month on average, with 6.2 million exclusively using realestate.com.au. There were 132.4 million average...

There were 4.0 million unique properties tracked by their owner on realestate.com.au, up 33% year-on-year, and the platform generated 2.3 million enquiries per month...

As we move further into FY25 it’s clear that the Australian property market remains in good health reflecting the expectations of future interest rate cuts, together with...

New buy listings were up 14% year-on-year in October, with Sydney and Melbourne listings increasing 14% and 12% respectively, with Brisbane and Perth growing at...

REA Group said year-on-year growth rates for the second half of the financial year will reflect very strong prior period listings volumes, particularly for...

Core Australian revenue increased 20% year-on-year, reflecting double-digit yield growth and continued listings growth across both the residential and...

Commercial and developer revenue increased during the quarter, with stronger growth in commercial revenues tempered by more modest growth for developer...

Revenues from its media, data and other streams grew during the quarter. CampaignAgent delivered strong revenue growth driven by increased customers and higher utilisation...

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