REA GROUP LTD — Director's Dealing 2008

Jan 1, 2008

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	3 DECEMBER 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	27 DECEMBER 2007
No. of securities held prior to change	1,655,459SIMON T BAKER1,098,536STB HOLDINGS PTY LTD333,895ST + M SUPER FUND3,536CPU SHAREPLANS PTY LTD________3,091,426
Class	FULLY PAID ORDINARY
Number acquired	164
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$7.00 PER SHARE

+ See chapter 19 for defined terms.

No. of securities held after change	1,655,459	SIMON T BAKER
	1,098,536	STB HOLDINGS PTY LTD
	333,895	ST + M SUPER FUND
	3,700	CPU SHAREPLANS PTY LTD
	________3,091,590
Nature of change		EMPLOYEE SHARE PURCHASE
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	PROGRAM

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.