Expenses in Aus resi have blown out. Guidance from q3 was "operating cost growth for both Australia and India
is expected to increase low to mid-teens."
Well it was up 18.6% for the FY.
In the 3rd q "Including
the impact of the CampaignAgent acquisition, Australian costs were up 20%"
The H2 costs were up 24%, so q4 was up roughly 28%, if they are like for like, and I am not making an error somewhere.
I don't really see a proper explanation for the increase in q4. Had to work it out myself.
Ann: REA Group Investor and Analyst Presentation FY24, page-6
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