Well in Vic - during the GFC, there was a dip in transfers of about 10%. I remember buying a place for my parent's in law hoping to take advantage of the price dip - there was very little on the market in the premium area I wanted to buy in for them, but I believe I did manage to get something at about 30% cheaper than it would have been 12 months prior.
However there was no panic for most people, and no recession either - I would suspect if there was a panic REA would make heaps for a period, but then after that if people are losing money, they would get scummy I suspect and that would feed back through the chain.
News: REA Rea Group says Hy revenue from ordinary activities $337.3 mln, up 16%, page-7
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Last
$247.37 |
Change
1.860(0.76%) |
Mkt cap ! $26.15B | |||
| Open | High | Low | Value | Volume |
| $246.72 | $249.38 | $246.67 | $31.54M | 127.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53 | $247.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $247.41 | 33 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| REA (ASX) Chart |
