REA Group chief executive Owen Wilson is confident the Australian property market is improving and the News Corp-majority owned property classifieds business is well-positioned to capture profits.
REA increased underlying profits in a tough local property market over the last year, which has included a federal election and two state elections in NSW and Victoria, and decreased access to mortgage finance as the financial sector went through the banking royal commission.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
