ASX real estate golden-child REA Group dropped more than four per cent on Friday, now down 10 per cent over the past month. Is the Budget to blame?

REA Group closed at A$152.02 on Friday 22 May 2026, capping a month in which the stock has shed 10 per cent of its value. It now trades at a significant discount to the 52-week high of A$265.98 reached late last year.

Peter Switzer and Paul Rickard have been theorising on the subscriber-only Boom, Doom, Zoom show that the relentless march of AI is coming for the property listing giant, but it might be more than just robots to blame for the recent fall.

REA Group (ASX: REA)

REA Group’s revenue model depends on listings. Vendors pay to list. Premium…