REA GROUP LTD — Director's Dealing 2002

Dec 1, 2002

Appendix 3Y

Rule 3.19A.2

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity	REALESTATE.COM.AU LIMITED
ABN	54 068 349 066

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	JOHN R NILAND
Date of last notice	8 JANUARY 2002

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	INDIRECT
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinferest.	NILAND FAMILY SUPER FUND NO. 2ACCOUNT
Date of change	27 AND 28 NOVEMBER 2002
No. of securities held prior to change	7,000 ORDINARY SHARES (HELD BYJOHN NILAND)
	525,000 OPTIONS EXERCISABLE @$0.30 EACH (HELD BY JOHN NILAND)
	10,000 ORDINARY SHARES (HELD BYJOHN NILAND PTY LTD)
	10,954 ORDINARY SHARES (HELD BYFAMILY MEMBERS)
Class	ORDINARY SHARES
Number acquired	79,800
Number disposed	NIL

$+$ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$15,162.00
No. of securities held after change	7,000 ORDINARY SHARES (HELD BYJOHN NILAND)
	525,000 OPTIONS EXERCISABLE @$0.30 EACH (HELD BY JOHN NILAND)
	10,000 ORDINARY SHARES (HELD BYJOHN NILAND PTY LTD)
	10,954 ORDINARY SHARES (HELD BYFAMILY MEMBERS)
	79,800 ORDINARY SHARES (HELD BYNILAND FAMILY SUPER FUND NO 2ACCOUNT)
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	ON-MARKET TRADE

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No, and class of securities to which
interest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation

+ See chapter 19 for defined terms.

Interest after change

+ See chapter 19 for defined terms.