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The Latest Breaking News from REA

Property listings giant defies house price slump

Shifting sands mean Australia's biggest property website can't afford to sit on its laurels even as it proclaims a better-than-expected year.

AAP

Aurum PropTech acquires Housing.com at enterprise value of Rs 458 crore

Aurum PropTech acquired a property classified platform for Rs 458 crore. This strategic acquisition aims to build a unified AI and data architecture. REA India will increase its shareholding in Aurum PropTech to 24.9 percent. The combined entity will span property discovery, transactions, and rentals. This integration creates a comprehensive…

The Economic Times

Real estate giants clash in court over marketing claims

Australia's two largest online real estate listing platforms are facing off in court after accusing each other of making misleading claims.

AAP

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Drinking water contaminated with ‘forever chemicals’ during pregnancy linked to an increased risk of childhood asthma – new study

Pfas, or per- and polyfluoroalkyl substances, are a group of human-made chemicals found in everything from food packaging to firefighting foam. Often called “forever chemicals” due to their persistence in the environment, they can affect our health and disrupt our immune system.

The Conversation

Property website's listings fall, shares tumble

Realestate.com.au owner REA group has grown its first half revenue and profit, despite a six per cent fall in its digital property listings.

AAP

'Unfair': investors flock as key workers struggle

Bank lending to property investors has reached its highest level in almost a decade, as yields surge while care workers and teachers struggle to afford rents.

AAP

‘Cold decisions’: will heir to Murdoch’s empire keep newspapers at its heart?

Eldest son Lachlan must decide future of business that spans Fox News, Wall Street Journal, Sun and Times

The Guardian - UK

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News Corp boss issues warning on AI vandalism threats

Despite falling news media revenues, News Corp has boosted earnings as its expands into content licensing in its first full-year earnings since selling Foxtel.

AAP

REA Fusion R solar panel review: best for quality and efficiency

This is our choice for the best solar panel for efficiency and maintaining power over the long run

The Independent UK

Heatable solar panel installation review: The top installer for high-end panels

Our Heatable solar review explores pricing, efficiency, warranties and customer satisfaction to help you decide if it’s the right installer for your home

The Independent UK

Murdoch’s News Corp has moved into the mortgage business. Where are the regulators?

If you want to advertise a house online in Australia, you don’t have many options. Just two companies dominate the market.

The Conversation

Selling a house in Australia is expensive. The ACCC is investigating one reason why

News Corp’s REA Group, behind real estate listings site realestate.com.au, is being investigated by the consumer watchdog amid complaints over its market dominance

The Guardian - AU

Checkers or wreckers: When NASCAR drivers take ‘win or bust’ too far

NASCAR has a well-earned reputation of being a full-contact sport on the race track with drivers given far more leeway than they are in most other racing series. However, there are still times when a driver crosses some unspoken line, leading to widespread condemnation throughout the garage and even penalties…

Motorsport

Even though the offer is a serious play, Nine probably doesn’t want to sell Domain

US property conglomerate CoStar offered $4.20 a share, valuing the Domain business at $2.7bn – but sometimes silence speaks louder than words

The Guardian - AU

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AAP

Aussie property market healthiest in years: REA boss

REA Group chief executive Owen Wilson says there are a lot of buyers and sellers of Australian property right now in anticipation of rate cuts.

The Conversation

Celebrity boxing matches and ‘doping-legal Olympics’: the increasingly blurred line between sports and entertainment

We like to think that sports are fixed and immutable, but like anything else, they are a product of their time. Just look at the Olympic Games, where events like motorboating, tug-of-war and obstacle course swimming came and went during the 1900s. More recently, breakdancing appeared in last year’s Paris…

The Guardian - UK

Importing biomass from North Korea is not our intention

Letter: The bioenergy resource model referred to in a Guardian article is a scenario-planning document, not official policy, writes Trevor Hutchings

AAP

Aussie shares edge up as Rio seals $10b lithium deal

The ASX200 has finished 0.1 per cent higher, with Rio Tinto announcing after the market closed that it would pay $10 billion to acquire Arcadium Lithium.

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The Guardian - UK

The Murdochs just couldn’t afford Rightmove

News Corp dressed up its retreat as ‘financial discipline’, another way of saying it couldn’t afford what it wanted

Evening Standard

REA walks away from Rightmove takeover offer

The move by REA comes after Rightmove made its fourth rejection of potential bid terms

The Guardian - UK

Murdoch-backed REA abandons attempt to take over Rightmove

Decision comes after UK real estate portal turned down fourth offer from Australian property company

The Guardian - UK

News Corp applauds Australia’s REA Group for abandoning attempted takeover of Rightmove – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Rupert Murdoch’s REA Group raises offer to buy Rightmove to £6.2bn

Australian group calls on Rightmove board to ‘engage now’ after fourth offer for UK online property portal

Evening Standard

Rightmove urged to open talks after Australia’s REA Group makes fourth approach

The £6.2 billion bidder has until Monday to make a formal offer or walk away

Evening Standard

Rightmove rejects third takeover offer from Australia's REA as 'unattractive'

REA has until 30 September to make a formal offer or walk away

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