Rea Group Ltd (ASX:REA) is the owner of Australia’s most popular real estate portal realestate.com.au. It owns other property leading sites such as realcommercial.com.au too. It also has stakes in several other international property sites in the US, South East Asia and India.
The share prices of the major ASX banks are down this morning as Australia’s house price growth slowed in December 2019 according to CoreLogic.
The house prices in Sydney and Melbourne have shot up again during November 2019 according to CoreLogic figures.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.01% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up 0.27% on Thursday.
REA Group (ASX:REA) has announced its FY20 first quarter result to investors.
The recovery of house prices in Melbourne and Sydney is accelerating according to CoreLogic’s Home Value Index results for October.
The Domain Holdings Australia Ltd (ASX:DHG) share price was trading as much as 4.87% higher today.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.16% at lunch.
The Australian Government seems to want house prices to rise by 10% to help boost the economy, which ASX shares should we buy?
