REA Group (ASX:REA) has announced that it expects the FY24 losses from its combined contributions with associates to be modestly higher than those of FY23.

The residential buy yield growth for the financial year 2024 is estimated to experience double-digit growth.

Seller confidence, however, is facing a dent due to uncertainty in the interest rates along with a shortage of property inventory available for both buying and renting.

Despite this, the company continues to report strong demand and a resurgence in price growth in the Australian property market.

REA Group also anticipates the EBITDA losses in India to decrease in FY24 compared to FY23.

Positive operating jaws are being aimed for the entire group for the financial year.

The company is hopeful for stabilization of interest rates, which they believe will boost activity in the Australian property market.

Lastly, the group’s operating cost growth is expected to increase to low to mid-teens, due to the anticipated consolidation of CampaignAgent.

REA Group is an online real estate advertising company based in Australia.