REA Still Warrants Caution Despite June Volumes

Dow Jones

Jul 21

0103 GMT - A challenging outlook for Australia's housing market keeps Macquarie analysts cautious on REA Group. They tell clients in a note that the News Corp-controlled real-estate advertiser typically trades at a discount to its long-run valuation against such a backdrop. While REA reported a strong 13% on-year jump in residential listings for June, the Macquarie analysts think this is probably driven by some investors exiting the market ahead of tax reforms. They see volumes being supported by this over the next six months, but still forecast a 6% cumulative drop in listings through fiscal 2029. Macquarie keeps a neutral rating on the stock and raises its target price by 6.5% to 165.00 Australian dollars. Shares are up 1.0% at A$162.84. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 20, 2026 21:03 ET (01:03 GMT)

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They tell clients in a note that the <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>-controlled real-estate advertiser typically trades at a discount to its long-run valuation against such a backdrop. While REA reported a strong 13% on-year jump in residential listings for June, the Macquarie analysts think this is probably driven by some investors exiting the market ahead of tax reforms. They see volumes being supported by this over the next six months, but still forecast a 6% cumulative drop in listings through fiscal 2029. Macquarie keeps a neutral rating on the stock and raises its target price by 6.5% to 165.00 Australian dollars. Shares are up 1.0% at A$162.84. <a href=\"https://laohu8.com/S/NWSLL\">News Corp</a> is the parent company of Dow Jones &amp; Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 20, 2026 21:03 ET (01:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>REA Still Warrants Caution Despite June Volumes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nREA Still Warrants Caution Despite June Volumes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-21 09:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0103 GMT - A challenging outlook for Australia's housing market keeps <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts cautious on REA Group. They tell clients in a note that the <a href=\"https://laohu8.com/S/NWSAL\">News Corp</a>-controlled real-estate advertiser typically trades at a discount to its long-run valuation against such a backdrop. While REA reported a strong 13% on-year jump in residential listings for June, the Macquarie analysts think this is probably driven by some investors exiting the market ahead of tax reforms. They see volumes being supported by this over the next six months, but still forecast a 6% cumulative drop in listings through fiscal 2029. Macquarie keeps a neutral rating on the stock and raises its target price by 6.5% to 165.00 Australian dollars. Shares are up 1.0% at A$162.84. <a href=\"https://laohu8.com/S/NWSLL\">News Corp</a> is the parent company of Dow Jones &amp; Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 20, 2026 21:03 ET (01:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7503","symbol_name":"科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653242180","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653242180","pubTimestamp":1784595780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0103 GMT - A challenging outlook for Australia's housing market keeps Macquarie analysts cautious on REA Group. 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Dow Jones NewswiresJuly 20, 2026 21:03 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7503":"科技股","BK7002":"互动媒体与服务","REA":"Rare Earths Americas","REA.AU":"REA GROUP LTD","BK4168":"多种金属与采矿"},"translate_title":"尽管 6 月份交易量较大，REA 仍值得谨慎","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"REA":1.5,"REA.AU":0.9},"content_text":"0103 GMT - A challenging outlook for Australia's housing market keeps Macquarie analysts cautious on REA Group. They tell clients in a note that the News Corp-controlled real-estate advertiser typically trades at a discount to its long-run valuation against such a backdrop. While REA reported a strong 13% on-year jump in residential listings for June, the Macquarie analysts think this is probably driven by some investors exiting the market ahead of tax reforms. They see volumes being supported by this over the next six months, but still forecast a 6% cumulative drop in listings through fiscal 2029. Macquarie keeps a neutral rating on the stock and raises its target price by 6.5% to 165.00 Australian dollars. Shares are up 1.0% at A$162.84. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 20, 2026 21:03 ET (01:03 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}