REA Group has raised $400,000 for group organisations devoted to combating homelessness by means of its large-scale buyer occasion, Prepared24.

The occasion, held on Tuesday at Royal Randwick, attracted 1,200 actual property professionals. It was established as an avenue for group contribution, in addition to skilled and private improvement.

Chief buyer officer Kul Singh (pictured under) stated the occasion showcases REA Group’s dedication to altering “the way in which the world experiences property.”

The corporate has introduced that it’s going to donate 100% of ticket proceeds to varied organisations engaged on homelessness options.

“Our method with Prepared24 considers everybody, together with these experiencing homelessness,” stated Singh.

Orange Sky, which gives free cell laundry and bathe providers, will use REA Group’s donation to function a laundry van for a complete yr.

“This can allow us to offer over 6,200 a great deal of free laundry within the coming yr and can convey us nearer to reaching our objective of supporting 40,000 folks doing it robust by 2025,” stated Lucas Patchett, the organisation’s co-founder and CEO.

Equally, The Large Challenge will use the funds from REA Group to bolster its Properties for Properties initiative, which focuses on rising the supply of social and inexpensive housing.

“This donation will immediately assist the creation of inexpensive dwellings for our most susceptible in the neighborhood,” stated CEO Stephen Persson. “It’s going to construct upon the $1.8m+ Properties for Properties has already granted in funding to 21 initiatives throughout VIC, NT, QLD, NSW, WA, and the ACT that present housing for over 350 folks.”

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