Crikey | Why is News Corp attacking tax reform? Because it’s actually a real estate company by Christopher Warren

AI generated summary, Read the full article for complete information.

News Corp is fiercely opposing budget property‑tax reforms because the company’s biggest financial engine is its majority ownership of REA Group, a global real‑estate advertising firm valued at about $13.75 billion—roughly 65 % of News Corp’s total market value—making the media conglomerate effectively a real‑estate company in its balance sheet; this stake ties its fortunes to the intersection of digital technology and real‑estate, allowing it to ride the wave of Australia’s housing boom that was amplified by the Howard government’s 1999 50 % capital‑gains‑tax discount.

Read more: https://www.crikey.com.au/2026/05/20/tax-reform-changes-australia-capital-gains-tax-negative-gearing-news-corp-rea-group/

#NewsCorp #REAGroup #capitalgainstax #housing #media

☕ Something’s brewing ☕

We’re excited to announce that REA Group is joining as our coffee sponsor for DDD Melbourne 2025! 🎉

REA Group, who aim to change the way the world experiences property, will be keeping us all fuelled up with coffee to spice up our experience during the day.

Want to support Melbourne's vibrant tech community further? Explore our sponsorship opportunity at dddmelbourne.com/sponsorship

#DDDMelbourne #REAGroup #TechCommunity