announcement today?, page-9

LIttlecorn, on the housing stats released today...

Its mainly victim of the sharp negative reaction to the federal budget. It looks like prices have dropped in line with the slide of consumer sentiment.

Auction listings were still solid last week, although demand is easing and clearance rates are coming back inline with long term averages following an incredible run lately.

We are still very much in a boom market. I don't see this changing with interest rates continuing to stay at current levels. And the great thing about Australia's market is that each cap city and region works in cycles. So the majority of time if one cap city see's a pull back, others remain strong. This process continues to produce a strong national market.

Home Open's share price should also be relatively immune from housing demand swings for now. The established platforms are used to a large and growing number of listings, while we are coming from nothing. So every listing is growth for us. I feel the current listing numbers are priced into Domain & Real-estates share price so any fall in the housing market should coincide with a slide in their share price.

Also, with Home Opens free listing model a dip in the market shouldn't effect revenue too much.
Remembering revenue doesn't come from listings, it comes from in app purchases, advertising and a number of other avenues. So even with a major real estate market correction, and coming off a zero revenue base, we are set for growth. People consistently buy property in any market condition.

Have had some interesting conversations with people today. Home Open is well and truly on the big guys radar and the general consensus is that its a sexy app.

Started buying back in today.