Despite the ongoing volatility in the real estate market (if you’ve been house hunting, you already know), digital property group REA Group (ASX: REA) has shown strong results in H1 FY24, driven by greater demand and higher prices. Compared to H1 FY23, the Company saw an 18% surge in revenue to $726 million, coupled with
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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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The Australian Reserve Bank has been aggressively increasing interest rates over the past few months—a trend that is prominent worldwide. It has led to an 8.4% decline in the country’s housing market, the worst in about four decades. People are strapped for cash, attempting to cut corners and keep within budgets. Suffice it to say,
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It’s a tough time to be in the real estate sector. With interest rates rising globally and fewer people being able to afford homes, demand is falling, as is overall revenue. For Aussie property tech giant REA Group (ASX: REA), this has meant dealing with declining listings and profits. As per its reports, national residential
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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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