Has Realestate.com.au Become Too Powerful?

Is Realestate.com.au too powerful? Vendors are forking out thousands just to list their property, agents are copping big subscription hikes, and the ACCC is asking questions about postcode pricing. REA Group, the business behind the site, now pulls in over 12 million users a month and $1.7 billion in revenue, leaving Domain in the dust. We break down how the network effect built this juggernaut, the impact on sellers and agents, and whether any competitor can really break through.

On this episode, we discuss:

(00:00) Intro
(00:06) Is Realestate.com.au Becoming a Monopoly?
(01:34) Domain vs Realestate.com.au: Market Share Explained
(02:31) REA Group Profits and Revenue Growth
(03:30) Realestate.com.au Listing Fees Explained
(04:46) Why Postcode Pricing Is Under ACCC Review
(05:28) The Network Effect Driving REA's Power
(08:03) Real Estate Agent Subscription Fee Hikes
(14:08) CoStar Buys Domain: Can It Compete With REA?
(20:28) REA Share Price Surge and Dividend Growth

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The Numbers Game is brought to you by Future Advisory & Inovayt.

Hosts:
Nick Reilly
Jason Robinson
Martin Vidakovic

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