REA Group
REA Group is a global digital business specializing in property, operating leading property websites in Australia and holding various strategic investments in the real estate and mortgage industries.
Company Overview
REA Group is a leading global digital business specializing in property. The company operates Australia's leading residential and commercial property websites, realestate.com.au and realcommercial.com.au. It also holds a significant footprint in the financial services and data sectors through various strategic investments and ownerships. REA Group has been certified carbon neutral by the Australian Government’s Climate Active program since FY20.
Core Services and Offerings
REA Group owns and operates several services focused on the property market. These include Mortgage Choice Pty Ltd, an Australian mortgage broking franchise group, and PropTrack Pty Ltd, a leading provider of property data services. Additionally, the company owns Campaign Agent Pty Ltd, which offers vendor-paid advertising and home preparation finance solutions. These services collectively enhance REA Group's robust digital presence in the property and real estate markets.
Strategic Investments
REA Group has made several strategic investments to strengthen its market position. These investments include Simpology Pty Ltd, which provides mortgage application solutions, and Realtair Pty Ltd, a digital platform for real estate transactions. The company also has a controlling interest in REA India Pte. Ltd., operating brands like Housing.com and PropTiger.com, and holds shares in Move, Inc., operator of realtor.com in the US. Furthermore, REA Group supports various property tech innovations through its shares in PropertyGuru Group and Easiloan.
Innovation and Community Initiatives
REA Group's REAx team focuses on innovation and creating next-generation marketplaces. They host REAio, a regular hackathon encouraging creativity among employees. The company also organizes the Tech Kick Off (TKO), an annual event bringing together Tech, UX, Design, and Product communities. The Women in Tech program and Aspire program are designed to support and promote female talent within and outside the organization, focusing on career development in technology and mortgage broking.
Sustainability and Work Culture
REA Group aims to enhance activity data collection for Scope 3 emissions as part of its sustainability focus. Certified carbon neutral since FY20, the company prioritizes environmental responsibility. The hybrid work model, 'The Way We Work – a Guide to Hybrid Working,' supports flexible working arrangements. The Talent Marketplace, an AI-powered platform, aids in building a dynamic and inclusive work environment by allowing candidates to join the REA talent pool.