REA Group

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REA Group Limited
Public
Traded as ASXREA
Industry Share Exchange
Founded 1995
Headquarters Melbourne, Australia
Key people
Tracey Fellows (CEO)
Greg Ellis (former CEO)
Products Real estate advertising
Revenue Increase A$629.8 million (2016)[1]
Website 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.[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 Group, with combined annual revenues of £7 million, from prior owners the REA Group and News International for an undisclosed sum.[7] REA bought 20% of Move in 2014[8] which runs the US real estate listings website Realtor.com.

References[edit]

  1. ^ "REA Group 2016 Annual Report". REA Group. Retrieved 27 October 2016. 
  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)
  5. ^ January 2008, Nielsen//NetRatings, Omniture, HBX Analytics
  6. ^ REA Group buys Hong Kong businesses, Sydney Morning Herald, September 11, 2007
  7. ^ Sweney, Mark (2009-08-07). "News International sells PropertyFinder website to Zoopla.co.uk". The Guardian. London. Retrieved 2009-08-08. 
  8. ^ "News Corp. to Buy Move, a Real Estate Listings Site". The New York Times. September 30, 2014. Retrieved September 30, 2014. 

External links[edit]