Aug 7 (Reuters) - REA Group Ltd REA.AX :
* Q1 FY21 CORE OPERATING COSTS ARE EXPECTED TO BE ABOUT 5-10% LOWER
* IN RESPONSE TO EFFECTS OF COVID-19 ON REAL ESTATE MARKET, GROUP DEFERRED PRICE INCREASES WHICH WERE DUE TO TAKE EFFECT ON 1 JULY
* WILL ONLY IMPLEMENT PRICE CHANGES IF SUSTAINED RESIDENTIAL MARKET RECOVERY IS EVIDENT
* LATEST COVID-19 RESTRICTIONS IN MELBOURNE LIKELY TO CAUSE SIGNIFICANT SHORT-TERM WEAKNESS IN LISTING VOLUMES FOR DURATION OF LOCKDOWN
* UNDER COMMERCIAL DEVELOPER BUSINESS, NEW PROJECT COMMENCEMENTS EXPECTED TO CONTINUE TO DECLINE UNTIL Q4 FY21 IN AUSTRALIA
* WEAKNESS IN LISTING VOLUMES DUE TO RESTRICTIONS IN MELBOURNE LIKELY TO CONTRIBUTE TO ADVERSE IMPACTS ON REVENUE IN Q1 FY21