REA Group Ends FY26 With Flat Listings and Double Digit Yield Growth

REA Group, the News Corp-backed portal giant built around Australian market leader realestate.com.au, has reported its results for the 2026 financial year. National residential Buy listings finished the year exactly where they started, which left price to do all the work.

Highlights include:

• Group revenue from core operations was A$1,793 million, up 7%
• Australian revenue was A$1,712 million, up 11%
• Group EBITDA before associates was A$1,088 million, up 12%
• Net profit after tax attributable to owners of the parent was A$650 million, up 15%
• Residential revenue rose 12% to A$1,290 million, driven by a 13% increase in Buy yield with national listings flat
• Australian operating expenses were A$586 million, up 7%
• International EBITDA before associates was a loss of A$38 million
• A record 12.7 million people visited realestate.com.au per month on average

REA Group chief executive officer Cameron McIntyre said: "REA Group delivered an excellent FY26 performance underpinned by double digit yield growth. REA's unparalleled audience and proprietary data firmly position the business as a leading beneficiary of AI."

Residential revenue rose 12% to A$1,290 million. REA attributes that to a 13% increase in Buy yield, helped along by a 7% average Premiere+ price rise, growth in add-on products, higher subscription revenues and increased depth penetration.

India revenue was already down 65% at the third quarter after the PropTiger and Housing Edge exits. For the full year, International revenue fell 38% to A$81 million and the segment lost A$38 million at the EBITDA line. REA India agreed in July to sell its remaining business, Housing.com, to listed Aurum PropTech, retaining a 24.9% stake in Aurum on completion. India is presented as a discontinued operation. Take it out and the continuing business grew 12%, from A$1,544 million to A$1,730 million.

The company expects national Buy listings flat to down low single digits, and notes July volumes already running 2% behind last year. Against that, it guides to low double-digit controllable yield growth, built on an 8% Premiere+ price rise. A bigger increase than the one just delivered, into a market REA itself expects to hand it fewer listings to sell.

The portal's leadership will be hoping its growing audience justifies the price increases. The company's release said that average monthly visits reached 146.4 million, up 11%, with 6.3 million people using realestate.com.au and nothing else, and 104.5 million more monthly visits than the nearest competitor. Seller leads rose 22%, and buyer enquiries averaged 2.5 million a month, up 8%.

Those audience claims are not going unchallenged. The day before these results, Domain president Jason Pellegrino said on LinkedIn that Domain drew 7.7 million visitors in June 2026, its strongest month on record, and that its audience was up 34% year on year. He went further on the exclusivity measure REA leans on: "our exclusive audience grew 65.5%, while our nearest competitor's fell 14.2%." REA reports its own exclusive audience as a level of 6.3 million and does not give a direction of travel for it. The two portals are describing the same market and disagreeing about which way it moved.

The disagreement is already in court. In July, Domain filed a Federal Court claim alleging REA's marketing line that realestate.com.au "attracts and engages the buyer on 9 in 10 properties listed on the platform that go on to sell" is misleading or deceptive. REA counterclaimed that Domain has misled the market about its own platform.

For a business whose pricing power rests on audience superiority, having that superiority contested in court while guiding to an 8% price rise could bring some risk.