Realestate.com is the kind of business we like. It's a price maker, not a price taker. We believe REA Group will continue to perform well as the property market matures.
Property prices in Australia rose by 175% over the 17 years from 1990 to 2007. And despite a small wobble during the GFC, they have since climbed by a further 60% to leave them 350% higher than in 1990.
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