ISCOVER
Strong submissions and settlement growth at Mortgage Choice have contributed to a lift in earnings at parent company REA Group.
REA Group, the parent company of realestate.com.au and major brokerage Mortgage Choice, has released its results for the financial year 2025 (FY25) ending June 2025.
According to the results, released on Wednesday (6 August), the group saw strong growth in revenue and profit over FY25, boosted by higher volumes from its broking business.
Earnings before interest, tax, depreciation, and amortisation (EBIDTA), excluding associates, jumped 18 per cent year over year to $969 million, while REA Group’s revenue grew 15 per cent to $1.67 billion.
For REA Group’s financial services business, Mortgage Choice, EBITDA rose 24 per cent to $23 million on revenue that increased 10 per cent to $81 million.
Improving market conditions and white label growth helped drive a 15 per cent increase in submissions and a 10 per cent uptick in settlements, to $23.7 billion, for the financial services arm.
The financial services loan book grew 3 per cent over the year to $91.7 billion.
Mortgage Choice’s broker network ended the year 4 per cent larger, with 1,119 brokers.
Broker productivity was up 5 per cent across the year, which the company attributed to growth initiatives and improvements in broking platforms. REA flagged that broker sentiment regarding systems and platforms rose 15 per cent year over year.
Improvements to realestate.com.au helped support a 46 per cent increase in broker leads generated through the platform, the company said.
During the reporting period, REA Group bought a 19.9 per cent stake in digital non-bank lender Athena Home Loans. The group noted that its white label arrangement with Athena Home Loans, Mortgage Choice Freedom, had settled $2.7 billion in loans since inception (up to July 2025).
Commenting on the financial results, REA Group CEO Owen Wilson said: “REA’s excellent FY25 performance reflects our focus on driving deep consumer engagement and enhancing customer value.
“Buyer activity increased during the year, with the first interest rate cuts in four years accelerating inquiries delivered to our customers to a three-year high in the last quarter. Demonstrating the health of the market, listings remained in line with the strong prior year.”
FY26 outlook, CEO to depart
REA Group flagged that market conditions remain healthy, with strong employment and expectations of further interest rate cuts likely to support buyer demand and vendor confidence to list.
The company is forecasting national residential buy listing volumes to be broadly in line with last year’s market.
Wilson commented: “Australian property fundamentals remain strong, and expectations of further interest rate cuts are supporting buyer demand and steady house price growth.
“These are favourable conditions for sellers to bring their properties to market. Our increasing investment in talent, technology, and improved consumer experiences positions REA Group for continued growth in FY26.”
The latest full-year financial results will be Wilson’s last as CEO, with the company head set to retire from full-time executive roles in the second half of 2025, after 10 years with REA and six as CEO.
REA Group will announce the appointment of a new CEO in the next month, with the company having already begun the search for a new chief. The company previously said it was considering both internal and external candidates.
[Related: REA Group reports H1 financial services growth, CEO to leave]
JOIN THE DISCUSSION