by Angela Hawksford | Aug 15, 2019 | Real Estate, Financials / Deals
Profits at Domain, the No. 2 property site in Australia, tumbled 29% in the 2019 fiscal year, as property sales dropped to their lowest levels in more than 20 years. The company reported net profits of $37.4 million AUD ($25.3 million U.S.). CEO Jason Pellegrino said...
by Angela Hawksford | Aug 9, 2019 | Real Estate, Financials / Deals
Rent.com.au, the Australia-based rental property site, posted 10% revenue growth in the fourth quarter of the 2018 fiscal year — but it’s still no closer to profitability. Chief executive Greg Bader blamed a sluggish first half on the company’s lackluster...
by Angela Hawksford | Aug 8, 2019 | Real Estate, Financials / Deals
REA Group's profits slumped 58% in FY19, despite modest revenue and EBITDA increases driven by price rises at its flagship Australian site RealEstate.com.au. This content is part of our business intelligence service. Please click the button below to learn more....
by Angela Hawksford | Jul 18, 2019 | Automotive, Financials / Deals
CarBar — an Australia-based subscription car service — has received a $16.8 million AUD ($11.9 million U.S.) cash injection from investors, including Insurance Australia Group (IAG). The capital will be used to fund the company’s national expansion. The...
by Angela Hawksford | Jul 10, 2019 | Real Estate, Financials / Deals
Australian property site LandChecker has closed a $2.4 million U.S. Series A funding round, led by Australian e-commerce entrepreneur Ruslan Kogan. This content is part of our business intelligence service. Please click the button below to learn more....
