Domain Holdings says its profit dropped by more than a third amid a "very sharp and very sudden" decline in listings last year.
The online real estate marketplace said on Thursday it made $14.1 million in net profit after tax for the six months to December 31, down 38.9 per cent from the same time a year ago. Revenue was up 6.5 per cent to $186.6 million.
"The challenges of the current property environment are well known given the dramatic change in global inflation and geopolitical risk, and the impact of nine interest rate increases in nine months," said CEO and managing director Jason Pellegrino.
