REA Group

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
REA Group Limited
Public
Traded asASXREA
IndustryShare Exchange
Founded1995
Headquarters,
Key people
Owen Wilson (CEO)
Tracey Fellows (former CEO)
ProductsReal estate advertising
RevenueIncrease A$807.7 million (2018)[1]
Websitewww.rea-group.com

REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company headquartered in Melbourne, Australia. The REA Group is public company listed on the Australian Stock Exchange (ASX: REA), and had A$108 million in FY07 revenue.[2] REA Group is majority owned by News Corp Australia, a subsidiary of News Corp.

The Group grew from realestate.com.au, Australia's largest property website with 4.4 million unique browsers each month.[3] However, the strategy has been to aggressively expand the group internationally through acquisition.[4] The company now operates property websites in 10 countries that are used by more than 19,000 agents and have approximately 8.8 million unique visitors per month.[5]

The company announced on 11 September 2007 that it had made its first acquisition in Asia, with the purchase of Hong Kong's largest English-language property magazine, SquareFoot.[6] UK Property Shop Ltd was acquired by REA Group in July 2008; in August 2009, Zoopla acquired the PropertyFinder[7] Group, with combined annual revenues of £7 million, from prior owners the REA Group and News International for an undisclosed sum.[8] REA bought 20% of Move in 2014[9] which runs the US real estate listings website Realtor.com.

In July 2015 realestate.com.au announced a new agreement with Inspect Real Estate (IRE) making booking rental inspections even easier for property managers and Australians looking to rent a home by implementing IRE's RegisterOnline property inspection booking button.[10]

References[edit]

  1. ^ www.rea-group.com/irm/PDF/2238_0/REAGroupInvestorampAnalystPresentation
  2. ^ Realestate.com.au owner nearly doubles earnings, The Melbourne Age, February 27, 2007
  3. ^ January 2008, Nielsen//NetRatings
  4. ^ "Mr 7000%", BRW Magazine 01 Feb 2007(Subscription)[permanent dead link]
  5. ^ January 2008, Nielsen//NetRatings, Omniture, HBX Analytics
  6. ^ REA Group buys Hong Kong businesses, Sydney Morning Herald, September 11, 2007
  7. ^ "Property Finder 'Where Life Moves': Real Estate, Properties for Rent and Sale in UAE". www.propertyfinder.ae. Retrieved 2019-02-06.
  8. ^ Sweney, Mark (2009-08-07). "News International sells PropertyFinder website to Zoopla.co.uk". The Guardian. London. Retrieved 2009-08-08.
  9. ^ "News Corp. to Buy Move, a Real Estate Listings Site". The New York Times. September 30, 2014. Retrieved September 30, 2014.
  10. ^ "realestate.com.au Integrates InspectRealEstate's RegisterOnline Functionality | Property Portal Watch". Property Portal Watch. 2015-07-28. Retrieved 2017-10-17.

External links[edit]