The average Australian’s home-owning dream is all but out of reach, with rising interest rates being dubbed more persistent than ever. Home values are increasing, as are financial pressures. For property and real estate companies like REA Group (ASX: REA), this has meant dwindling consumer confidence. In Q1 FY24, REA saw a modest 1% increase
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Australia’s housing market stands in the face of uncertainty. Heightened inflation, reduced supply and population growth has real estate investors, shareholders and citizens on the edge of their seats. Amid this, the property advertising firm REA Group (ASX: REA) observed a marginal 1% increase in revenue, reaching a total of $1.1 billion. There was a
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The current state of the Australian property market can be overwhelming, both for homebuyers and investors. If you’re a homebuyer you might need to postpone the quest of securing the perfect home as mortgages become less and less affordable. If you’re an investor, the tumbling property market might scare you away from investing in property
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Despite property prices being in a state of volatility amid rising interest rates, that hasn’t halted real estate tech company REA Group (ASX: REA) which reported 26% revenue growth to $1,170 million for FY22 and $408m net profit, a 25% increase. REA largely credits the acquisitions of REA India and Mortgage Choice for their revenue
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