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
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add REA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$219.12 |
Change
-0.320(0.15%) |
Mkt cap ! $28.94B | |||
| Open | High | Low | Value | Volume |
| $218.16 | $219.12 | $217.55 | $28.29M | 129.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 460 | $218.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $219.29 | 520 | 2 |
View Market Depth
| Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
| REA (ASX) Chart |