REA Group: Result 2016

REA Group might see its future overseas, but this result was all about the excellent performance of the flagship Australian division.

REA Group is obviously keen to expand overseas, having acquired the Asia-focused iProperty in 2016 and 20% of US-based Move the year before. But it remains a resolutely Australian company, with 88% of 2016 revenues coming from the land of sweeping plains (although that percentage is more like 75% on an annualised look-through* basis).

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