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TRX Bristlemoon Capital shorts REA Group on housing downturn bet
Australian hedge fund Bristlemoon Capital has taken a short position in REA Group, betting a housing market downturn could weigh on the property listings company's earnings, according to a report by the AFR. The fund, led by George Hadjia, sees scope for REA shares to fall towards A$98, implying downside of almost 40%, and expects new listings to decline by 5% to 10% in FY27 versus company guidance for flat to slightly lower volumes.
Why “Unverified”
- Reported by Hedgeweek alone, with no second source or primary confirmation yet
1 independent source group across 1 post · evidence score 48/100. How labels work
What the sources claim
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Bristlemoon Capital has taken a short position in REA Group, betting a housing downturn could weigh on its earnings.
“Australian hedge fund Bristlemoon Capital has taken a short position in REA Group”
Hedgeweek -
The fund sees scope for REA shares to fall towards A$98, implying downside of almost 40%.
“sees scope for REA shares to fall towards A$98, implying downside of almost 40%”
Hedgeweek -
Bristlemoon expects new listings to decline by 5% to 10% in FY27, compared with the company's guidance for flat to slightly lower volumes.
“Bristlemoon expects new listings to decline by 5% to 10% in FY27”
Hedgeweek -
Bullish investors argue REA's market dominance, pricing power and product innovation could help offset a slowdown in property listings.
“bullish investors argue that the company’s market dominance, pricing power and product innovation could help offset a slowdown”
Hedgeweek
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-15 12:20 UTC. Labels are computed from the sources, not by the model.