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Mortgage Choice officially in the hands of REA

Mortgage Choice officially in the hands of REA SHARE THIS ARTICLE As of 1 July 2021, REA Group is now the proud owner of Mortgage Choice Limited. Advertisement ); googletag.cmd.push(function() { googletag.display( div-gpt-ad-1606778681712-0 ); }); } Advertisement Since then, REA Group has received all of the permissions it needed to successfully complete the transaction, including from the Supreme Court of New South Wales, with the scheme of arrangement then implemented on 1 July 2021. As a result, REA Financial Services Holding Co. Pty Ltd has acquired 100 per cent of the shares in Mortgage Limited. Representing an enterprise value of approximately $244 million, the scheme consideration was $1.95 per share. ....

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REA Group revenue up as Australian property prices sit at record highs


REA Group revenue up as Australian property prices sit at record highs
May 7, 2021 10:08
News Corp’s REA Group has announced its financial results for the quarter ending March, with the numbers reflecting the strong recovery of the Australian residential property market.
In Q3 of FY21, REA Group revenue (excluding acquisitions) rose by 8% to $225.6 million, while Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) including share of profit/losses from associates grew by 13% year-on-year to hit $123.3 million.  REA Group’s assets include leading Australian real estate listing website realestate.com.au.
REA Group Results Q3 FY21 [click to enlarge]
REA Group chief executive officer, Owen Wilson, said: “Australia’s property market is in full flight, with this positive momentum contributing to strong growth for the quarter.” ....

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