The company behind Australia?s largest property selling platform realestate.com.au, REA Group has announced a 19% jump in annual net profit to $384.8 million.
The company announced annual revenue rose to $1.17 billion.
?While we?re mindful of changing economic conditions, with further interest rate rises expected, Australia?s property market is healthy and supported by strong underlying fundamentals,? said REA Group CEO Owen Wilson.
Shares of REA Group are about 3% higher following the results.