1. Slide 31 of HY has some detail on rent revenues. Its not broken out separately in the presentation or accounts from what I have seen. Price increases saved a decline in rent revenues is all they said. You could be right, if sale volumes decline in a downturn, the recovery in immigration rent volums etc could help provide an offset over the next year or so.
2. Again, detail on this in the latest HY presentation for you to read. Obviously there is risk, but at this stage REA India is on par with the market leader and growing revenues strongly. Other investments also appear to number one in markets (propertyguru) and Move (co owned with News) also seems to be holding its own against US competitors. I read broker speculation REA could increase ownership of Move which is currently 20%. REA India could be a really big opportunity, matching the market leaders is a good leading indicator for a platform marketplace type business. Its probably worth splashing cash to try to become number 1 in India.
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