We’re all aware that the Australian property market has softened over the last 9-months but property remains most people’s favourite asset class and it wouldn’t take a great deal to stabilise prices and see activity pick back up, increasing listing volumes and revenue for REA.
- REA is a quality high-value growth company that has been pressured by value contraction as yields rise plus of course a softening housing market, but adversity can lead to opportunity.
- We like this quality on-line advertising business that’s perfectly positioned for an end to rate hikes.
MM likes REA into another leg lower
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