REA Group Loses More Bulls on Volume Worries -- Market Talk

Dow Jones
Jun 10

0119 GMT - REA Group loses more bulls on worries about a likely slowdown in Australia's property market. UBS analysts Lucy Huang and Ailsa Lei are the latest to downgrade a buy rating on the News Corp-controlled property advertiser to neutral on expectation of a cumulative 10% listings volume decline across the next two fiscal years. However, a near-term volume boost may come from investors seeking to offload assets before tax concessions change on July 1, 2027, they say. The tax changes could benefit REA over the longer term if they drive a skew toward owner-occupiers, who tend to transact more frequently, they say. UBS cuts its target price by 23% to 165.00 Australian dollars. Shares are down 2.6% at A$148.67. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 09, 2026 21:19 ET (01:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10