Homely Announces Full Year Results—58% Revenue Growth

Homely.com.au, one of Australia's largest online real estate marketplaces—and the largest industry-backed portal in the country—announced positive full year results for 2022 today, with co-CEO Jason Spencer commenting that "people continue to underestimate" the company's growth.

Highlights include:

• Revenue increased 58% YoY
• 49% revenue growth for the first half of 2022
• Over 655 top-ranking Australian principals, agents and influencers now partnered with Homely Group
• 33.3% increase in direct enquiries for property listings
• 326.3% in indirect enquiries
• 79.7% increase in engaged consumer subscribers across all platforms

The company also increased its market share through Homely Plus membership.

Results follow an ambitious year for the portal which has included an extended partnership with Professionals Group in May, a Queensland expansion in June and the launch of an industry first Comments on Collections feature in July.

Jason Spencer, co-founder and Co-CEO at Homely, said:

"Despite the evolving market and economic volatility through the first half of 2022, Homely Group has demonstrated yet another year of exceptional business growth and performance."

"People continue to underestimate just how big Homely has grown in the past few years. We are now one of the largest real estate portals in Australia. There aren’t too many companies that are growing at the rate we are, especially during these uncertain economic times. It’s been a very exciting year for us."

Adam Spencer, co-founder and Co-CEO at Homely, said:

"We are blown away by the industry support we’ve received as well as the feedback we get from agents and principals on our advertising and membership packages. Our partners see immense value in our unique digital offering and support Homely as a much-needed industry alternative."

Online Marketplaces judged Homely.com.au as one of the top ten portals in the world in 2021.

Spencer brothers Adam (left) and Jason (right) co-founded Homely in 2014