I don't hold (sadly, despite several opportunities to open my account as a shareholder over many years), but surely this is the best way to play the seemingly bottomless Aussie obsession with property? (Yes, forget your nth investment property purchase!)

It is pricey now, but typically only offers fleeting opportunities to buy at something like half-reasonable value. The performance has been rock steady even in difficult conditions for the property market, which has certainly impacted listings growth. That hasn't landed more than a little rap on the knuckles for this outstanding business though.

For all its utter dominance of the local market where it still seems to have copious amounts of pricing power levers to pull, it is also targeting an enormous opportunity in the Indian market with its ownership of the largest real estate classifieds platform there. I wouldn't bet against them making that work given the stellar track record of this business.