Falling east coast property prices push The Agency to $1.67m half-year loss

 The slide in property prices on the east coast was among the key drivers behind an underlying loss for national real estate company The Agency Group Australia (ASX: AU1) for the first half of FY23.

The underlying EBITDA loss of $947,000 compares with a $2.14 million profit in the previous corresponding period, despite a 5.6 per cent increase in half-year revenue to $37.49 million.

The statutory loss of $1.67 million compares with a $1.25 million profit a year earlier.

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