** Analysts at Goldman Sachs see recent data points in the Australian media industry as broadly positive for REA Group

and Seek

** Brokerage flags there has been a strong start to property listings in Australia, helping REA Group, while job advertisements volume in Australia and New Zealand are tracking ahead of Seek's estimates

** Says current balance sheet strength is high, particularly for REA, note historical M&A activity

** REA shares gain 0.6% while SEK shares drop 1%

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))