I think in the early stage of a mega property crash the transaction volumes as the deteriorating macro economic environment (RECESSION and spike in unemployment being the lagging result yet to show up) brought about by the crash has yet to seriously impact buying appetite (sensing bargains) I think in the short term REA revenue won't be too adversely affected given there is a stampede of sellers needing to advertise.
However, in the next phase of the crash (the magnitude and trajectory already scaring the daylight out of the RBA and the government) REA revenue could potentially be affected.
Interesting to see how this plays out.
REA Price at posting:
$80.31 Sentiment: None Disclosure: Not Held
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