REA Group
| Company type | Public |
|---|---|
| ASX: REA | |
| Industry | Share Exchange |
| Founded | 1995 |
| Headquarters | , |
Key people | Richard Freudenstein (Chair) Greg Ellis (CEO) |
| Products | Not Applicable |
| Revenue |  A$300.9 million (2013) |
Number of employees | ~500 at 30 June 2007 |
| Website | http://www.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.[1] REA Group is majority owned by News Limited, a subsidiary of News Corporation.
The Group grew from realestate.com.au, Australia's largest property website with 4.4 million unique browsers each month.[2] However, the strategy has been to aggressively expand the group internationally through acquisition.[3] The Company now operates property websites in 10 countries that are used by more than 19,000 agents and have approximately 8.8m unique visitors per month.[4]
The Company announced on 11 Sept 2007 that it had made its first acquisition in Asia, with the purchase of Hong Kong's largest English language property magazine, SquareFoot.[5] UK Property Shop Ltd was acquired by REA Group in July 2008; in August 2009, Zoopla acquired the PropertyFinder Group, consisting of the websites Propertyfinder.com, Hotproperty.co.uk and UKpropertyshop.co.uk, with combined annual revenues of £7M, from prior owners the REA Group and News International for an undisclosed sum.[6]
References
- ^ Realestate.com.au owner nearly doubles earnings, The Melbourne Age, February 27, 2007
- ^ January 2008, Nielsen//NetRatings
- ^ "Mr 7000%", BRW Magazine 01 Feb 2007(Subscription)
- ^ January 2008, Nielsen//NetRatings, Omniture, HBX Analytics
- ^ REA Group buys Hong Kong businesses, Sydney Morning Herald, September 11, 2007
- ^ Sweney, Mark (2009-08-07). "News International sells PropertyFinder website to Zoopla.co.uk". The Guardian. London. Retrieved 2009-08-08.
External links
- realestate.com.au
- ASX Listing details
- REA-Group website
- Company - by Simon Baker (REA CEO until July 2008)
- Hong Kong Property - by squarefoot.com.hk
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