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The REB Awards is the benchmark of success in the Australian real estate industry. It reflects not only the business astuteness of the country’s leading real estate operators and networks..

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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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rpm logo latest

REA Group posts rising revenue

By Staff Reporter
07 November 2014 | 1 minute read

REA has revealed a 22 per cent rise in first quarter revenues as premium advertising products continue to be popular with real estate agents and vendors.

Revenues amounted to $US121m ($A141m) for the three months ended September 30, with earnings before interest, taxes, depreciation, and amortisation up 31 per cent at $63m.

The dominant real estate listings portal has released top-line quarterly numbers as part of its disclosure obligations through majority shareholder News Corp.

Newly installed REA chief executive Tracey Fellows said the result was a “strong indication” the business was continuing to evolve, successfully launching new products and platforms to sell residential and commercial properties.

“The financial results are also pointing to the strength of our listing depth products which are delivering a solid return on investment for agents and their vendors,” she added.

In October, REA upped its shareholding in iProperty to 19.4 per cent, from 17.2 per cent, in a deal worth $15 million.

The move was widely expected after REA became a majority shareholder in the ASX-listed iProperty in July.

This came just one week after News entered the US real estate market with a takeover of listings business Move in a cash deal that values the company at US$950 million (AU$1.08 billion).

REA plans to hold a 20 per cent stake in Move, with 80 per cent held by News.

REA Group posts rising revenue
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.