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 S&P/ASX 200 (INDEXASX: XJO) is expected to climb when the market opens this morning as ASX futures point to a positive start to the week.
The REA Group (ASX:REA) share price will be on watch this morning after reporting its result for FY20 which showed a drop of profit and the dividend.
Some ASX shares are down after CoreLogic reported that house prices dropped in June 2020. The decline accelerated compared to May.
COVID-19 has started a property downturn in Melbourne and Sydney, according to results released by Corelogic.
Is the REA Group (ASX:REA) share price a buy after reporting its FY20 third quarter?
The Domain Holdings Australia Ltd. (ASX:DHG) share price was trading 6.00% higher today following news of the Australian Government easing restrictions on COVID-19 lockdowns. Realestate.com (ASX:REA) share price was also in positive territory, it was trading 2.2% higher.
The Domain Holdings Australia Ltd (ASX:DHG) share price was trading 3.45% higher today despite not reporting any material news.
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.
