Homely Announces Full Year Results—58% Revenue Growth

September 5, 2022
Share this Post: 

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.

Homely Cofounders

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

 

September 5, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 147091049
Housing.com To Hire 200 People In Market Leadership Push

Housing.com will hire up to 200 staff in fiscal year 2023 as it aims to establish itself as India's leading...

Read More
Propertyguru For Business Skyline Singapore
'Guided by Guru' - PropertyGuru Outlines New Brand Positioning

The Southeast Asian real estate portal operator PropertyGuru has announced a 'brand repositioning' and has introduced a new umbrella brand...

Read More
Shutterstock 1958725735
Spotahome Tells Staff That It Expects Another Round of Layoffs

Madrid-based on-demand rentals specialist Spotahome has announced it will go through another round of layoffs, weeks after firing two senior...

Read More
Homely And Ptg Skyline
Aussie Portal Homely Integrates with Proptech Group's VaultRE and Eagle CRMs

Australian challenger portal Homely.com.au says it will be easier than ever for agents to list in more places after announcing...

Read More

Editor's Pick