REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate

advertising Advertising is the practice and techniques employed to bring attention to a Product (business), product or Service (economics), service. Advertising aims to present a product or service in terms of utility, advantages, and qualities of int ...

company. REA Group is headquartered in

Melbourne Melbourne ( , ; Boonwurrung language, Boonwurrung/ or ) is the List of Australian capital cities, capital and List of cities in Australia by population, most populous city of the States and territories of Australia, Australian state of Victori ...

, Australia, with subsidiary office in

Gurugram Gurgaon (), officially named Gurugram (), is a satellite city of Delhi and administrative headquarters of Gurgaon district, located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest o ...

, India. REA Group, founded in 1995, is a

public company A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX: REA) and majority-owned by

News Corp Australia News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of News Corp. The group's interests span newspaper and magazine publishing, Internet, market research, DVD and film distribution, and film and television prod ...

History

REA 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 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 Move or The Move may refer to: Brands and enterprises * Move (company), an American online real estate company * Move (electronics store), a defunct Australian electronics retailer * Daihatsu Move, a Japanese car * PlayStation Move, a motion ...

, inc. in 2014, which runs the United States real estate listings website Realtor.com. This was the company's first move into

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

. In July 2015, realestate.com.au announced a new agreement with Inspect Real Estate (IRE) 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 (Elara). 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 eight countries. In June 2021, REA Group acquired a 34% interest in Simpology. The company offers lodgment and digital mortgage application solutions for broking and lending industries. In September 2024, REA Group announced it was considering a cash and share takeover bid for Rightmove. The news caused Rightmove's shares to surge by 25%, raising its market value to £5.4 billion. No formal takeover offer was made. Analysts noted that REA's interest in Rightmove seemed more financial than strategic, though the acquisition could have offered valuable strategic insights and opportunities in mortgages and commercial property.

REA South Asia

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''. In 2011, REA partnered with Thoughtworks, thereby expanding into Greater China. Daniel Aragao, former lead architect at REA Group said of the collaboration in 2020, "The ThoughtWorks Technology Radar allows us to compare our expectations with someone who's a thought leader in the industry and has an unbiased opinion. So it helps us to guide our decisions and what we're going to be adopting next." In 2013, the company launched myfun.com, continuing their Asia focus. In 2016, REA Group Asia then purchased iProperty Group and Brickz.my, both based in Malaysia. The company also purchased thinkofliving and Prakard.com in Thailand. REA Group has three offices in Asia: in

Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estim ...

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

and

Kuala Lumpur Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population ...

. In 2018, the company invested in India's Elara Technologies, the parent company of Housing.com, Makaan.com and PropTiger, before acquiring a controlling stake in Elara in 2020. In May 2021, REA Group merged their

Southeast Asia Southeast Asia is the geographical United Nations geoscheme for Asia#South-eastern Asia, southeastern region of Asia, consisting of the regions that are situated south of China, east of the Indian subcontinent, and northwest of the Mainland Au ...

n assets with PropertyGuru, after years of battling with rivals for market dominance. The property sites concerned are situated in

Malaysia Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and thre ...

and

Thailand Thailand, officially the Kingdom of Thailand and historically known as Siam (the official name until 1939), is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. With a population of almost 66 million, it spa ...

and will be transferred in exchange for an 18% stake in the company and a seat on the board.

Community action

In 2014, REA Group launched a partnership with Launch Housing, an organization tackling

homelessness Homelessness, also known as houselessness or being unhoused or unsheltered, is the condition of lacking stable, safe, and functional housing. It includes living on the streets, moving between temporary accommodation with family or friends, liv ...

based in

. The partnership funds support for women and children at risk of experiencing homelessness as a result of family violence. Investments include supporting Launch Housing's social enterprise HomeGround Real Estate, to providing skilled volunteers, to building Ikea furniture for families in need via the REA employee induction program.

References

External links

{{S&P/ASX 200 Australian real estate websites Companies based in Melbourne Companies listed on the Australian Securities Exchange Companies in the S&P ASX 50 Holding companies of Australia News Corp Australia News Corporation subsidiaries Australian companies established in 1995 Holding companies established in 1995