With real estate booming worldwide, many people are looking to property management as a profitable avenue for growth. As multiple people flock to share the management of a property, services like cloud software provider Urbanise (ASX: UBN) have come into the spotlight. Especially huge in Dubai, where occupancy reached 72% in 2022, the Company’s 2023
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Despite a particularly testy real estate market, real estate agency McGrath (ASX: MEA) has reported a profit, albeit lower than its FY22 levels. Rounding up its FY23 results, McGrath revealed a statutory net profit after tax (NPAT) of $6.2 million. Its underlying EBITDA amounted to $6.1 million, and it ended the year with a decent
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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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With soaring rent, your bank account may be missing a few zeroes but not everyone is up in arms about it. For rental payment company RentPay (ASX: RNT), it has been a period of growth. Australia’s website made for renters has achieved a significant milestone of $100 million in rent paid through its platform since
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Have you been house hunting lately? Turns out, many have, and it’s not a fun experience. Rising interest rates and lowered supply have intensified competition, wherein people don’t want to take their chances online with digital real estate auctions. They prefer the traditional way. That’s why digital real estate auctioning platform Openn (ASX: OPN) has
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To say that it’s a bad time to be in Aussie real estate is an understatement. Skyrocketing interest rates, high rents and inflation have left citizens with a foul taste for homebuying and renting, and property portals like Domain (ASX: DHG) are reeling under the impact. After undertaking a “broad-ranging review” of its cost expectations,
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