Trade Me predicts drop in property listings revenue as real estate market slows

Thu, 09 Nov 2017

By Paul McBeth Nov. 9 (BusinessDesk) - Trade Me has pared back its expectations for how much revenue property listings will deliver in the current financial year as the country's real estate market keeps slowing but still anticipates annual earnings growth. The Wellington-based online auction company's classifieds revenue rose 13 percent in the four months ended Oct. 31 from the same period a year earlier, driven by a 29 percent gain in motor listings and a 20 percent increase in job ads. Real estate listings revenue was up just 2 percen...

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