REA Group Limited is a multinational digital advertising company specialising in property.
Listed on the Australian Securities Exchange (ASX:REA), we operate Australia’s leading residential, commercial and share property websites, realestate.com.au, realcommercial.com.au and flatmates.com.au, Chinese property site myfun.com, and iProperty Group which owns a number of leading property portals in Asia.
We also have significant shareholdings in Move, Inc. in the United States and PropTiger in India.
Everything we do is driven by our purpose to ‘change the way the world experiences property’ – from product innovation to our international investments.
Knowledge, collaboration, connection and creativity are the currency at REA Group and we believe our competitive advantage comes from engaging the passion and creativity of each and every one of our employees.
Today, we have digital real estate sites and investments in Australia, Asia and North America. In Australia, we have the market-leading site, realestate.com.au, and its award-winning mobile apps.
It’s been quite a journey from our humble beginnings in 1995, when REA Group was born in a garage in Doncaster, in the Eastern Suburbs of Melbourne. Since then, we have expanded our offerings to provide digital advertising services to real estate agents and their clients across Australia and overseas.
We now provide a range of premium property listings as well as products for markets adjacent to property such as utility connections, and advertising solutions for property developers and display media advertisers. We are also a market-leading publisher of specialist property insights and guides via our realestate.com.au blog.
If you’d like to learn more about the things we do and the people behind the technology, please visit our Company blog.
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]
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.
In July 2015 realestate.com.au announced a new agreement with InspectRealEstate (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[9][10].
REA Group Limited advertises property and property-related services on Websites and mobile applications in Australia, Europe and Asia.
The Company's segments include Australia, Europe, North America, Asia and Corporate.
It operates residential and commercial property sites, realestate.com.au and realcommercial.com.au in Australia.
Its European operations consist of Italy, Luxembourg and France. It operates Italian digital property advertising business, casa.it; Luxembourg's residential and commercial property sites, atHome.lu and atOffice.lu, and immoRegion.fr in France.
Its Asian operations comprise iProperty, which operates property portals across Malaysia and Hong Kong, and portals in Thailand, Singapore and Indonesia, and its Chinese site, myfun.com, which supports the Asian, Australian and the United States businesses by showcasing residential property listings to Chinese buyers and investors. It has interest in Move, Inc. and PropTiger, which offer online real estate services.
Rightmove plc is a United Kingdom-based company, which operates as a property portal.
The Company's principal business is the operation of the rightmove.co.uk Website.
The Company's Website and mobile platforms provide online property search.
The Company's segments include Agency, New Homes and Other.
The Agency segment provides resale and lettings property advertising services on www.rightmove.co.uk.
The New Homes segment provides property advertising services to new home developers and housing associations on www.rightmove.co.uk.
The Other segment consists of overseas and commercial property advertising services and non-property advertising services, which include its third-party and consumer services, as well as data and valuation services.
The Company offers its services through estate agents, lettings agents, new homes developers and overseas homes agents offering properties outside the United Kingdom but interested in advertising to the United Kingdom-based home hunters.