BUZZ-Australia's REA Group sinks to near 3-year low as Citi flags tax-change hit to listings

News Corporation Class A
Rare Earths Americas, Inc.

News Corporation Class A

NWSA

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Rare Earths Americas, Inc.

REA

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** REA Group's shares REA.AX fall as much as 4.8% to A$140.02, its lowest level since July 10, 2023

** Stock among top losers on ASX 200 .AXJO, which is up 1.8%

** Citi cuts PT on property listing firm by 10% to A$181.15, but keeps 'buy' rating

** Brokerage trims FY27 NPAT estimate by 6%, sees proposed negative gearing, capital gains tax changes curbing property listings

** Expects 5% YoY drop in FY27 listings on reduced turnover of negatively geared investment properties

** Bets impact as one-off; potential RBA rate cuts could revive listings activity

** YTD, stock down 22.7%, AXJO flat


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