Is realestate.com.au the ideal housing bust short? It’s certainly come off hard recently, printing what can only be described as a monstrous technical chart with the double-top from Hell:
REA makes 90% of its dough in Australia and most of that from real estate listings so its exposure to the bubble is exceptional.
Yet despite the falls, it’s financials still look very stretched with forecast top line growth for 2019 at 14% in a shrinking market:
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