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Episode 87: ACCC Targets REA Group — Market Power, Price Hikes & Shifting Listing Trends
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In this episode, we examine the ACCC’s investigation into REA Group and whether Australia’s leading real estate portal is misusing its market dominance. With vendors and agents under pressure from rising listing costs, we unpack the economics behind online advertising, growing use of off-market listings, and how competition (or lack of it) is shaping vendor behaviour.
We also touch on:
- The price disparity between Balmain and Mount Druitt listings
- Domain’s recent $3 billion acquisition by CoStar
- The May rate cut’s effect on auction clearances, now just above 50%
- Rising inflation figures and how they might influence the RBA’s next move
As mentioned in this episode, listen to our previous discussion around REA market dominance here.
As always if there is a specific topic you would like for us to cover, please reach out and let us know!
Chapters
1. Introduction to Current Market Insights (00:00:00)
2. REA Group Under ACCC Investigation (00:01:28)
3. REA History: From 40 Cents to $34 Billion (00:05:43)
4. Price Discrepancies and Vendor Paid Advertising (00:11:08)
5. Domain vs REA: Market Dominance Shift (00:16:39)
6. Sydney Auction Results Post-Rate Cut (00:26:44)
7. Market Outlook: Inflation and Global Concerns (00:30:42)
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