Sandstone Insights stock of the month is REA Group, which Sandstone has recently updated from a Hold to a Buy recommendation.

REA’s dominant position in the Australian residential property market gives it a big advantage in terms of innovation and price-leading on new products. Sandstone Insights expect double-digit yield growth to accompany a strong phase of the property market driven by high immigration and potentially falling interest rates.

Need to know:

  • Property listings and sales volumes are robust despite high interest rates.
  • EPS growth over the next 3 years is well above REA’s strong history.
  • We upgrade our recommendation to BUY

To find out more read the full article.
 

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