REA Group Revenue Rises 11% to $450 Million

The property portal reported first-quarter results driven by growth in its core residential business and an expected slowdown in new listings.

Updated on Nov. 4, 2026 in Residential

REA Group Revenue Rises 11% to $450 Million

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REA Group reported first-quarter revenue of $450 million, up 11% year on year, with operating EBITDA rising 12% to $294 million. The company expects new national buy listings to fall in low single digits in FY27.

Why it matters

The results point to continued strength in the online property portal business even as tax changes and higher borrowing costs weigh on buyer demand. For Australian homebuyers and sellers, the expected drop in new listings signals a tighter supply of properties coming to market.

REA Group's first-quarter revenue of $450 million rose 11% year on year, while operating expenses climbed 9% to $155 million and Australian operating costs rose 3%. October new buy listings fell 13% year on year, and the company has not yet quantified how the expected FY27 decline may extend beyond its low single-digit estimate.

The players

REA Group

REA Group is the operator of realestate.com.au, Australia's leading online property portal, and reports its results to the Australian Securities Exchange.

The details

Revenue growth was driven by double-digit controllable yield growth in the core residential business, and active members increased 9%. The rollout of immersive and AI-powered experiences supported record engagement during the quarter.

First quarter: REA Group reports an 11% rise in revenue to $450 million.
October: New buy listings fall 13% year on year.
FY27: New national buy listings are expected to fall in low single digits.

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Market Landscape

The expected decline in new national buy listings follows the October fall of 13% in REA Group's own listings data, pointing to a continued slowdown in supply entering the Australian residential market. Tax changes and higher borrowing costs are expected to keep buyer demand subdued while homeowner equity buffers and low unemployment provide support.

Buyers may face fewer new listings to choose from in FY27 if the expected low single-digit decline materialises. Sellers and buyers alike will be watching how tax changes and borrowing costs shape demand over the coming year.

The takeaway

Monitor new listing volumes and borrowing costs before making property decisions, as both are expected to shape market conditions through FY27. Buyers should factor in the possibility of tighter supply when planning their purchase timing.