High UVs are not helping right now, what RNT needs is listings. It's easy to track progress against REA by searching a couple of markets (make sure you search for specific suburbs and not surrounding areas) to see if those numbers move.
Right now they aren't even close. Your average renter will look at what RNT offers vs REA, realise they two aren't even comparable, and just look at REA from then on. Any extra listings from self-managed are outweighed by the agents who don't advertise.
Yes there are extra benefits like rentbond etc, I'll account for those as adding value when I see them generate revenue.
RNT Price at posting:
22.5¢ Sentiment: Sell Disclosure: Not Held
