If you assumed REA Group has the only (viable) player in the Australian market currently think again. There is a lot of innovation going on "down under" as The Motley Fool points out.
REA Group Limited (ASX: REA) has the unquestionable leading property website in Australia in realestate.com.au, but a number of competitors are nipping at its heels.
Domain – the resurgent Fairfax Media Limited (ASX: FXJ) website has continued to improve, and the results show as earnings before interest, tax, depreciation and amortisation (EBITDA) margins, revenues and other metrics grow.
Other players are entering the market too and pose a strong challenge for REA. Rent.com.au Ltd (ASX: RNT) has the second-highest average time spent on its website behind REA’s premier site.
Read the full article which includes charted data on the portals mentioned and the Motley picks for ASX stocks.