SEEK's Employment Index Implies 2.5% Decline in Listing Volumes in Australia for Fiscal 2026, Jarden Says

MT Newswires Live05-22 12:00

SEEK (ASX:SEK) Seek Employment Index in Australia for April fell by 2.8% on a seasonally adjusted basis, following a 2.6% decline in March, and is down 2.1% in the fiscal 2026 second half year-to-date, and if underlying trends remain at current levels, this would imply a 2.5% decline in listing volumes in Australia for fiscal year 2026, according to a Friday note by Jarden.

In New Zealand, the Seek Employment Index increased by 9.5% year-over-year for April on an underlying basis, following an 11.6% increase year-over-year in March, and is up 11.5% in the second half to date. The index fell 0.7% in April from March.

If April's trends remain at current levels, this would imply a 9% increase in New Zealand listing volumes in fiscal year 2026.

For CAR Group (ASX:CAR), Australian new car sales increased by 11.3% in April from 4.6% in March. Sales were up 5.1% on an annual basis for the fiscal 2026 second half year-to-date.

REA Group's (ASX:REA) national listing volumes were down 19.4% as of its fiscal third-quarter update, reflected in Proptrack's data. However, new listings were strong in April across all major markets. It guided to a fiscal year volume decline of 1% to 3%.

It assigned CAR Group an overweight rating with a price target of AU$29.50 per share, SEEK a buy rating and a price target of AU$23.50 per share, and REA Group a neutral rating with a AU$178 per share price target.

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The index fell 0.7% in April from March.If April's trends remain at current levels, this would imply a 9% increase in New Zealand listing volumes in fiscal year 2026.For CAR Group (ASX:CAR), Australian new car sales increased by 11.3% in April from 4.6% in March. Sales were up 5.1% on an annual basis for the fiscal 2026 second half year-to-date.REA Group's (ASX:REA) national listing volumes were down 19.4% as of its fiscal third-quarter update, reflected in Proptrack's data. However, new listings were strong in April across all major markets. It guided to a fiscal year volume decline of 1% to 3%.It assigned CAR Group an overweight rating with a price target of AU$29.50 per share, SEEK a buy rating and a price target of AU$23.50 per share, and REA Group a neutral rating with a AU$178 per share price target.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2637367997","isCrawlerRequest":true}