REA Group

Office address: 511 Church Street, Richmond Vic 3121
Year established: 1995
Company type: media and information services
Employees: 3,440
Expertise: digital advertising, real estate advertising, technology, and information
Parent company: News Corp Australia
CEO and key people: Owen Wilson, CEO
Financing status: Corporate Backed or Acquired

REA Group is a global media business that uses technology and information to provide clients with a new way of experiencing property. The company offers several digital platforms that perform different functions, from residential real estate listings to investments. The company’s global reach in Australia, North America, and Asia has allowed the REA Group to break through the $1 billion revenue milestone in 2022.

History of REA Group

REA Group started its journey from a garage in Melbourne in 1995, using the internet as its main platform. The public knew little about the internet at the time, but the company was determined to change how people experienced property.

Despite facing struggles in 1999, a timely investment by Rupert Murdoch's News Corporation infused the company with crucial capital, steering it towards a remarkable growth trajectory. As of 2024, The REA Group has a market capitalisation of $24 billion.

Products and Services of REA Group

REA Group provides a range of tools and services to support their clients. Key offerings include:

  • Australia's leading residential property website, facilitating the buying, selling, and renting of homes
  • a premier destination for commercial property listings across Australia
  • Flatmates: a website that connects people looking for shared accommodations, streamlining the search for compatible flatmates
  • Mortgage Choice: a comprehensive mortgage broking franchise group offering a range of home financing solutions
  • PropTrack: specializes in property data services, offering insights and valuations critical to market stakeholders
  • Campaign Agent: provides vendor paid advertising and home preparation finance solutions for the real estate market

Culture at REA Group

REA Group’s culture shows its diversity and inclusivity by advocating for the LGBTQIA+ community with their outreach programs, social forums, and support sessions. Targeting a gender balanced workforce, in accordance with Women in Tech Strategy 2018, the company has achieved in increasing women in tech roles to 30%.

REA Group prioritises the wellbeing of its people, sustaining itself with the company’s mission for community engagement, innovation, and social awareness.

They offer exceptional packages and benefits for their employees, especially for parents and families:

  • the primary carer gets 20 weeks leave at full pay
  • the secondary carer gets 6 weeks paid leave
  • superannuation paid for the entire leave (paid and unpaid) up to 12 months
  • flexible return to work for 4 weeks at 75% of agreed work hours, but at full pay 

About REA Group CEO Owen Wilson

Owen Wilson joined in 2014, bringing 30 years of work experience to the company's leadership. Manning the operations and global investments of the company, Wilson has since improved how the Group employs information and technology to their success. Before joining REA Group, he held high-ranking positions in companies such as Chandler MacLeod Group, ANZ, and KPMG.

Wilson holds a degree in Accounting and Computer Science from Deakin University.

The Future at REA Group

REA Group continues to use the internet as their primary source for their platforms and clientele, from its establishment until today. The Group welcomes anything that comes their way as they have proven to adapt to any changes they experience. The company's ongoing investments in technology and strategic acquisitions will allow their global reach and digital influence to grow at a substantial rate.

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