REA Group reports 24 per cent profit jump amid ‘healthy’ property market

REA Group Chief Executive Owen Wilson says the company is “delighted” with its 2024 results off the back of a “very healthy” property market. For the full year, REA Group's revenue was ahead 23 per cent to $1.45 billion with its net profit up by 24 per cent to $460 million. “Total listings in Australia were up seven per cent – up five per cent on the six-year average,” Mr Wilson told Sky News Business Editor Ross Greenwood. “Within that seven per cent, Melbourne and Sydney were incredibly strong.” In partnership with realestate.com.au