A successful multi-year period of accelerated reinvestment in people, product development, marketing and sales has set Trade Me up for success over the medium to long term.

The Classifieds continued to enjoy success. Overall revenue across the three businesses was up 11.3 per cent year-on-year to $125.5m, and growth was stronger in the second half of the financial year.

Over the year we’ve introduced several new initiatives and product changes. This included Buyer Protection and Seller Protection, both of which are aimed at enhancing trust in trading onsite.

Property Insights, our tool that provides free information for more than 1.6 million residential properties, has proven very popular and we recently added map based search to this tool. We have also launched a property agent directory, showcasing agents’ talents and helping vendors with a tailored agent recommendation.

The majority of our people are still based in our Wellington headquarters, but we now have more than 150 on deck in Auckland. We also have big hiring plans for the South Island, and will be strengthening our presence in Christchurch considerably over the course of F18.