REA GROUP LTD — Director's Dealing 2007

May 2, 2007

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	SIMON T BAKER
Date of last notice	5 APRIL 2007

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 relevantinterest.	CPU SHAREPLANS PTY LTD
Date of change	30 APRIL 2007
No. of securities held prior to change	SIMON T BAKER2,045,4591,098,536 STB HOLDINGS PTY LTD333,895 ST + M SUPER FUND1,916CPU SHAREPLANS PTY LTD3,479,806
Class	FULLY PAID ORDINARY
Number acquired	234
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5.91 PER SHARE

$+$ See chapter 19 for defined terms.

No. of securities held after change	2,045,459SIMON T BAKER1,098,536STB HOLDINGS PTY LTD333,895ST + M SUPER FUNDCPU SHAREPLANS PTY LTD2.1503,480,040
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	EMPLOYEE SHARE PURCHASEPROGRAM

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 whichinterest 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
Interest after change

+ See chapter 19 for defined terms.