1

REA Group

#1017

Rank

$19.32B

Marketcap

AU Australia

Country

REA Group
Leadership team

Mr. Owen James Wilson A.C.A., ACA, B.Com., BCom (CEO & Exec. Director)

Ms. Janelle Hopkins (Chief Financial Officer)

Mr. Chris Venter (Chief Technology Officer)

Products/ Services
News
Number of Employees
1,000 - 20,000
Headquarters
Melbourne, Victoria, Australia
Established
1995
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
REA.AX
Social Media
Overview
Location
Summary
REA Group Limited engages in online property advertising business in Australia, India, and internationally. It provides property and property-related services on websites and mobile applications. The company operates residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, smartline.com.au, makaan.com, housing.com, PropTiger.com, realtor.com, Flatmates.com.au, property.com.au, simpology.com.au, campaignagent.com.au, proptrack.com.au, myfun.com, housing.com, propertygurugroup.com, realtor.com, spacely.com.au, rumah123.com, iproperty.com.sg, 99.co, and 1form.com.au. It also provides mortgage brokerage and home financing solutions under the Mortgage Choice brand. The company was formerly known as realestate.com.au Ltd. and changed its name to REA Group Limited in December 2008. REA Group Limited was incorporated in 1995 and is headquartered in Richmond, Australia. REA Group Limited operates as a subsidiary of news corporation.
History

The Group grew from realestate.com.au, Australia's largest property website with 4.4 million unique browsers each month. However, the strategy has been to aggressively expand the group internationally through acquisition.In 2007, REA Group acquired 59% of casa.it in Italy, which was increased to 70% the year after, before acquiring 100% in 2011. That same year in February 2007, REA Group acquired atHome, a group of real estate websites in Luxembourg, France, Germany and Belgium.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.In 2010, the company created an iOS mobile application for realestate.com.au.REA bought 20% of US company Move, inc. in 2014, which runs the US real estate listings website Realtor.com. This was the company's first move into North America.

In July 2015, realestate.com.au announced a new agreement with Inspect Real Estate making booking rental inspections easier for property managers and Australians looking to rent a home by implementing IRE's RegisterOnline property inspection booking button.In 2016, the company acquired flatmates.com.au, as well as launching realestate.com.au, a virtual property app on Google Daydream.In January 2017, REA Group acquired 14.7% of digital real estate marketing platform, Elara Technologies .In June 2018, the company acquired 100% of Hometrack Australia, a provider of property data services to the financial sector.

In 2020, the company earned A$820.3 million in FY20 revenue. The company had over 2,600 employees and over 20 brands owned and invested in across 8 countries.In June 2021, REA Group acquired a 34% interest in Simpology Pty Limited . The company offers lodgment and digital mortgage application solutions for broking and lending industries.

Mission
Our purpose is to change the way the world experiences property. We want to help people with all aspects of their property experience – not just buying, selling, and renting.
Vision
REA Group’s vision is to build the most loved and most trusted online property business.
Key Team

Ms. Alice Bennett (Exec. Mang. of Investor Relations)

Ms. Tamara Kayser B.Com., L.L.B., L.L.M. (Gen. Counsel & Company Sec.)

Ms. Natalie Cerny (Head of Corp. Affairs & Communications)

Ms. Mary Lemonis (Chief People & Sustainability Officer)

Mr. Henry Ruiz (Chief Strategy Officer & CEO of REAx)

Ms. Val Brown (Chief Consumer Product Officer)

Ms. Melina Cruickshank (Chief Product & Audience Officer)

Recognition and Awards
REA Group has won numerous awards over the years, including being listed in the World’s Most Innovative Companies 2020 list in Fortune magazine, and being named the World’s Most Innovative Real Estate Company by Fast Company magazine.
References
REA Group
Leadership team

Mr. Owen James Wilson A.C.A., ACA, B.Com., BCom (CEO & Exec. Director)

Ms. Janelle Hopkins (Chief Financial Officer)

Mr. Chris Venter (Chief Technology Officer)

Products/ Services
News
Number of Employees
1,000 - 20,000
Headquarters
Melbourne, Victoria, Australia
Established
1995
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
REA.AX
Social Media