Real Estate Investar is experiencing steady membership growth
Real Estate Investar Group provides its members with free property investment identification and analysis tools and then monetises them through paid subscriptions, among other products and services.
Currently REI’s membership is sitting at around 240,000, with a goal to reach 250,000 by year's end.
So far the group has enjoyed a strong year financially, posting positive revenue growth for 2016 by achieving 31.7% year on year growth in income to $5.3 million. This growth also extended to its membership base, which rose 54.1% quarter on quarter.
REI first listed on the ASX in December 2015 after raising $5 million in an oversubscribed offer.