In this Australian Investors Podcast episode, Owen Rask sits down with Cam McIntyre, CEO of REA Group, to unpack how one of Australia's most important technology businesses thinks about property, platform scale and AI. Cam explains what it was like stepping from carsales into REA, why the business still sees big runway beyond residential listings, and which numbers matter most inside the company. They discuss traffic, listing volumes, financial services leads and why REA believes its brand, customer relationships and decades of data still create a hard-to-copy advantage. The conversation then turns to AI. Cam explains why REA sees itself as an "AI prime" business, how the team uses internal "zombie hunts" to strip out repetitive work, and where AI could improve search, mortgage workflows and customer outcomes across the property journey. Owen and Cam also go deep on the housing market itself: why Australia feels two-speed right now, how interest rates are shaping buyer and seller behaviour, and why Cam believes rates matter more than tax changes in the current cycle. They finish on a broader theme investors will appreciate: what keeps the Australian dream alive, how great businesses are built, and why taking intelligent risk still matters. If you follow listed platforms, property data, AI adoption or the forces moving Australia's housing market, this episode is worth your time. Chapters: 00:00 Introduction & REA Overview 01:32 From CarSales to REA 04:17 Sponsors 06:49 Property & Everyone's Interest 07:46 Career Path & Mindset 10:47 Seeing the REA Opportunity 13:06 Business Segments Breakdown 17:08 Key Metrics to Watch 19:29 AI as Enabler & Threat 27:23 Traffic & Search Evolution 29:32 Competitive Advantages 31:49 Property Market Conditions 39:19 The Australian Dream Today 41:32 Building Businesses in Australia 44:35 What Excites Cam Most Episode resources - Speak with the Rask Advice team: https://rask.com.au/advice - Ask a question (select the Investors podcast): https://bit.ly/R-quest Show partner resources - ETF investor? Go beyond ordinary with Global X: View all funds https://www.globalxetfs.com.au - Visit TermPlus to learn more https://termplus.com.au/?utm_source=rask&utm_medium=podcast&utm_campaign=investors&utm_term=general&utm_content=youtube_description - Join Pearler using the code "RASKSWITCH" and get $32 of Pearler Credit: https://bit.ly/Pearler - Whatever comes next for your business, power it with Stripe: https://stripe.com Rask resources - All services: https://bit.ly/R-services - Financial Planning: https://bit.ly/R-plan - Invest with us: https://bit.ly/R-invest - Access Show Notes: https://bit.ly/R-notes - Ask a question: https://bit.ly/R-quest - We love feedback! https://raskau.typeform.com/to/ZbfHy6IP Follow us on social media - Instagram: https://www.instagram.com/rask.invest - TikTok: https://www.tiktok.com/@rask.invest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg