You are correct, it's no secret that the housing market is slowing down, however as the Nearmap business grows, many industries are discovering new and creative uses for Nearmap products.
Food truck vendors are using Nearmap to find new locations to service new areas.
Traffics Management is using Nearmap to improve roads, gridlocks & congestions.
Golf courses are using Nearmap for soil erosion management.
Solar installers are using Nearmap to scout for new housing clusters for selling solar panels and also push the next gen of battery storage solutions to customers (perfect timing as electricity prices are now going through the roof).
Councils are using Nearmap to fine individuals for illegal backyard constructions.
Commercial Developers are using Nearmap to find potential new shopping mall & new carpark sites.
All this... & so much more & this growth is all happening on top of new airports and new road & railway projects already planned & committed.
So the slow down in the housing market will easily be absorbed by the growth in many other industry uses for Nearmap products.
NEA Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held