Attempting to manoeuvre a complicated real estate RMA Global (ASX: RMY), is focusing its efforts towards high-performing agents in an attempt to best connect homebuyers with real estate agents by improving their revenue model by leveraging agent analytics. CEO Jim Crisera noted, “The real estate environment continues to be challenging with high interest rates persisting
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Rounding up the first half of FY24, digital real estate portal Domain (ASX: DHG) was relieved to find a positive environment in Sydney and Melbourne, with early signs of improvement in smaller markets. As buyers dealt with higher interest rates and cost of living, demand continued to soar, benefitting real estate companies. Domain reported a
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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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Aussie real estate has suffered on multiple fronts over the past year. Rising interest rates, inflation, labour shortages, lack of materials (plus the high costs) and unfavourable weather gave birth to a rather bitter financial cocktail for companies, like home building company Simonds Group (ASX: SIO). In FY23, its revenue saw a minor uptick of
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After losing a branding battle in May this year, real estate company The Agency Group (ASX: AU1) has realised there’s little to worry about as it expanded its national market share significantly in FY23. The Agency achieved its fifth straight year of growth in the number of properties sold, although that growth was rather small—standing
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