Sydney, June 9, 2026, 08:02 AEST
REA Group Ltd is back in focus Tuesday after the long weekend, with shares set to reopen following a Friday close at A$158.81. That was up 0.54% for the day and 6.6% over the week. The stock last closed at A$149.00 on May 29, historical data showed.
The timing is key. The Australian Securities Exchange was shut Monday for the King’s Birthday holiday, leaving Friday’s close as the most recent cash-market price. Regular trading won’t resume until just before 10 a.m. Sydney.
REA is turning to capital management as the housing market slows and competition heats up. In a Friday filing, the company said it bought 22,107 shares on June 4. That pushes total buybacks to 1,124,370 shares, with A$179.7 million spent so far out of its A$200 million cap. The on-market buyback means REA is picking up stock on the exchange instead of through a tender.
S&P/ASX 200 slipped 61.00 points, or 0.70%, to finish at 8,625.10 on Friday, ASX market data showed. The broader market had traded weaker ahead of the break.
REA shares also moved after its May quarterly, where the company said Q3 revenue hit A$398 million, an 11% gain when stripping out buys and sales of businesses. EBITDA came in at A$220 million, up 16% on the same comparison. Residential revenue climbed 12%, with “Buy yield” — what REA makes on for-sale listings and related products — up 14%. ASX Announcements
Chief Executive Cameron McIntyre said at the time the quarter was about “enhancing our immersive consumer experiences” and boosting value for customers. The company reported realestate.com.au hit a quarterly record with 12.9 million average monthly visitors and 150.0 million monthly visits.
REA, Raine & Horne in new deal for sales offices
Last week, REA and Raine & Horne said they had struck a partnership to give over 200 Raine & Horne residential offices access to REA’s Pro subscription and Realtair workflow tools starting in August. Kul Singh, REA’s chief commercial and marketing officer, called REA’s market insight “unmatched.”
REA’s main local rival, Domain, is now part of CoStar Group after CoStar wrapped up its Domain acquisition in August 2025. Morningstar puts realestate.com.au at about four times bigger than Domain, making it the top residential property listings site in Australia.
Housing numbers are messier for bulls. REA’s PropTrack Home Price Index showed national home prices hardly moved in May, slipping 0.04%. Sydney and Melbourne each saw values fall for the third month in a row. “Home price growth has clearly stalled,” REA Group senior economist Angus Moore said, citing the effect of earlier rate hikes.
The rebound looks shaky. Morningstar equity analyst Roy Van Keulen wrote in May that REA shares looked “materially overvalued” and gave them a fair value of A$129 a share. He also warned that long-term listing-fee growth could come under pressure from CoStar-backed Domain, tighter regulation and the risk of property-price declines. Morningstar
For now, traders are watching if the buyback is enough to support the shares, with most of the approved amount already used up. The focus is on the coming sessions to see if last week’s rebound from late May’s lows sticks, or if the market will pay up again for REA’s leading portal business.
