"The one thing I'm reminded of is what does REA do that no one else can, nothing."
You mean apart from reach the largest target audience in Australia of any property company by far? That's why they have pricing power and can lift their prices. There is a large network effect in place. Anyone can whack up a board out the front of their house, but if you want to get the best price, you need competition. REA delivers the largest number of eyeballs considering your property.
REA Price at posting:
$139.94 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)