Australian Property Market Set to Rebound, Says Real Estate Group Report

Australian Property Market Set to Rebound, Says Real Estate Group Report
People walk past a real estate agent's window in Melbourne, Australia, on March 7, 2023. William West/AFP via Getty Images
Lis Wang
Updated:
0:00

Australia’s property market is showing signs of a rebound despite a series of the largest and fastest interest rate rises in a decade, said the group that operates Australia’s leading residential and commercial property websites.

REA Group published their FY23 Investor and Analyst (pdf) results on Aug. 11 for the year financial year ending June 30, 2023, which showed residential revenue being resilient through the cyclical downturn.
Lis Wang
Lis Wang
Author
Lis Wang is an Australia based reporter covering a range of topics including health, culture, and social issues. She has a background in design. Lis can be contacted on [email protected]
Related Topics