Latest news with #realestatecomau
ABC News
6 days ago
- Business
- ABC News
ASX climbs to record high, property frenzy boosts News Corp and REA profits — as it happened
The Australian share market has risen to its highest level ever, despite falls on Wall Street as investors assess the latest updates on Donald Trump's tariffs. REA Group and News Corp have revealed significant profit increases, driven by more property listings on Look back on the day's events and insights from our business reporters on the ABC News markets blog. Disclaimer: this blog is not intended as investment advice.
News.com.au
13-06-2025
- Business
- News.com.au
Auction volumes ‘robust' following May interest rate cut
REA Group Senior Economist Eleanor Creagh discusses the robustness of auction volumes following the May interest rate cut. 'Auction activity is a little bit quieter this week than this same corresponding week last year,' Ms Creagh told Sky News Business Reporter Ed Boyd. 'We have seen that auction volumes have been pretty robust over the past few weeks, with interest rates falling again in May. 'On the demand side of things, the same goes.' In partnership with
News.com.au
09-05-2025
- Business
- News.com.au
REA Group posts ‘pleasing' third quarter revenue increase
REA Group Chief Executive Owen Wilson discusses the company's third quarter result, which saw a 12 per cent revenue lift. 'We have a very pleasing Q3 result with a 12 per cent increase in revenue, it was driven on the back of higher yield of our residential advertising products,' Mr Wilson said. 'It was really our product penetration and price that drove our revenue increase.' In partnership with
