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Homely reports solid revenue growth, record site and app visits

Homely has announced its full-year results for 2022 noting strong financial performance.

The Announcement:

Homely.com.au, the third largest independent online real estate marketplace in Australia, has announced its full-year results for 2022 with an impressive 35 per cent annualised revenue growth.

Despite broader global economic challenges and uncertainty, Homely Group continues to deliver strong financial performance, reporting year on year revenue growth of 35 per cent and an increase of 24 per cent of visits to Homely mobile and web platforms.

The result for the 2022 calendar year reflects Homely’s relentless focus on delivering value to customers and strength of the strategic alliances that Homely has established within the industry.

The independent portal also reported a 31.4 per cent increase in direct enquiries on property listings, up 18.5 per cent on the previous six months and 65.7 per cent increase in signed-in users across all platforms compared with the same period in 2021, while maintaining a 4.7 star rating across Android and iOS apps.

Homely Group Co-Founder and Co-CEO, Jason Spencer, said, “We are thrilled with our results this year and how the team has overcome the challenges posed by the market and economy. Homely Group continues to grow at an exceptional pace, and our recent ranking of third-largest in audience is an indication of the need for our product in the market. These numbers show us both how far we’ve come and the direction we’re heading.”

Homely’s unique value proposition combines online real estate listings with local content, including street and suburb reviews and Q&A from real locals, making it easier and faster for people to find their next home.

Homely is also the largest industry-owned portal in Australia boasting a strong partner and supporter base of over 655 influential principals, agents, and agency franchises.

Co-Founder and Co-CEO Adam Spencer says, “Team Homely has always believed in the power of disruption and technology to drive change, especially in an industry that has been dominated by a few players for too long. This year will be a landmark for the Homely Group as we galvanise our partners, develop an exciting pipeline of new products, and continue to focus on delivering an impressive trajectory of revenue and company growth.”

He concludes, “2023 will be a defining moment in our journey to revolutionise the Australian online real estate marketplace.”

Source: Homely

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