One of the reasons REA may have such a high pricing power in Australia : real estate agent commissions are quite low in Australia.
The average real estate agent commission in Australia is between 2 % and 2.5 % (source : REA in Aug 22). My personal experience is that we can get much less than 2 % in metropolitan areas.
This is to compare with an average commission of 5 % to 6 % in the US (source : Forbes Sept 23) and commissions at 4 %+ in France.
Ann: REA Group Investor and Analyst Presentation FY24, page-14
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$199.70 |
Change
0.340(0.17%) |
Mkt cap ! $26.38B | |||
| Open | High | Low | Value | Volume |
| $200.62 | $201.46 | $199.58 | $23.76M | 118.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 527 | $199.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $199.80 | 210 | 1 |
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