REA Group

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 a public company listed on the Australian Stock Exchange (ASX: REA), and had A$820.3 million in FY20 revenue.[2] REA Group is majority-owned by News Corp Australia, a subsidiary of News Corp.

REA Group Limited
TypePublic
ASX: REA
IndustryShare Exchange
Founded1995
Headquarters
Melbourne
,
Australia
Key people
Owen Wilson (CEO)
Tracey Fellows (former CEO)
ProductsReal estate advertising
Revenue A$820.3 million (2020)[1]
Websitewww.rea-group.com

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]

Asia
REA Group Asia [formerly iProperty Group Limited]
TypePrivate
IndustryDigital
Founded2007
Headquarters
Kuala Lumpur
,
Malaysia
Number of locations
7 countries (2012)
Area served
Asia (Malaysia, Thailand, Singapore, Hong Kong, Indonesia, India)
Key people
Henry Ruiz (CEO - REA Group Asia); Owen Wilson (CEO - REA Group)
Websitehttps://www.iproperty.com.my, https://www.iproperty.com.sg/, https://www.squarefoot.com.hk/, https://www.rumah123.com/

REA Group Asia was formerly known as iProperty Group. It owns online property portal websites in Asia and based in Kuala Lumpur, Malaysia.[11]

References
  1. rea3.irmau.com/site/PDF/fd0fb773-526b-408a-bb22-63f5a983397e/REAGroupannouncesFY20results
  2. REA Group FY20 results
  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. "Property Finder 'Where Life Moves': Real Estate, Properties for Rent and Sale in UAE". www.propertyfinder.ae. Retrieved 6 February 2019.
  8. Sweney, Mark (7 August 2009). "News International sells PropertyFinder website to Zoopla.co.uk". The Guardian. London. Retrieved 8 August 2009.
  9. "News Corp. to Buy Move, a Real Estate Listings Site". The New York Times. 30 September 2014. Retrieved 30 September 2014.
  10. "realestate.com.au Integrates InspectRealEstate's RegisterOnline Functionality | Property Portal Watch". Property Portal Watch. 28 July 2015. Retrieved 17 October 2017.
  11. "IPGA Limited". Retrieved 28 July 2011.


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