REA still strong despite CoStar’s entry threat, says Ausbil's David Lloyd
The portfolio manager predicts REA will withstand CoStar’s challenge — and shares his broader market outlook, stock picks and views on US-driven volatility.
Amid sweeping market uncertainty triggered by US President Trump’s trade agenda, Ausbil’s co-head of emerging companies and portfolio manager David Lloyd is eyeing consumer and media stocks with US exposure.
In an interview with Capital Brief for Past Performance — a Q&A series spotlighting top investors, their contrarian strategies and future outlooks — Lloyd discussed his views on interest rate cuts and the stocks likely to benefit from the current environment, including News Corp.
He also shared his thoughts on the potential implications of CoStar’s entry into Australia for its key competitor and market leader, REA Group.
The transcript excerpt below has been edited for brevity and clarity. This interview was conducted on 21 March, ahead of US President Donald Trump’s so-called ‘Liberation Day’ tariff announcement on Thursday.
