Housing market crashes down on Domain profits

Friday 17 February 2023

CoreLogic’s latest housing chart pack shows that property sales across Australia bombed in the year to January, down 19.1%:

For sale listings are also running way below the five-year average:

The impact has been especially severe on Domain’s profits, with the “unprecedented” collapse in listings driving a 24% fall in net profits:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.