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Domain Group

From Wikipedia, the free encyclopedia
Australian digital real estate information company

Domain Group
Company typePublic company
ASXDHG
IndustryReal Estate
Founded1999
Headquarters100Harris Street,,
Australia
Key people
Jason Pellegrino[1] (CEO)
Brandsdomain.com.au; commercialrealestate.com.au; allhomes.com.au; pricefinder.com.au
RevenueIncreaseA$289.6 million (2021)[2]
OwnersNine Entertainment (60%)
CoStar Group (20%)
Number of employees
900+
Websitewww.domain.com.au

Domain Group (or simplyDomain) is an Australiandigital property portal and associated real-estate industry business. It is best known for its real-estate websitedomain.com.au, and also owns the brandscommercialrealestate.com.au andallhomes.com.au. The company was a wholly-ownedsubsidiary ofFairfax Media from 1999 until November 2017, when Domain was listed on theAustralian Securities Exchange as apublic company, although Fairfax Media (nowNine Entertainment) retained a 60% ownership of shares.

History

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Founding

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The company was founded byFairfax Media, when the publisher branded their real-estate sections in print with the Domain brand and first established an online presence in 1999.[3]

Public listing

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In February 2015, theAustralian Financial Review published an article highlightingCredit Suisse analyst expectations of a likely float of the Domain Group in the future, and attributed an AUD $1.3 billion valuation to the group.[4]

On 21 February 2017 trading in Fairfax shares was suspended[5] until half yearly results and an announcement of intent to turn Domain into a listed entity were announced.[6] Domain Group was widely seen to "prop up" Fairfax revenues, as the company's publishing divisions were struggling.[7][8]

Domain began trading on theAustralian Securities Exchange on 16 November 2017.[9][10]

Having acquired a 20% shareholding in Domain, in February 2025CoStar Group launched atakeover offer.[11][12]

Cricket sponsorship

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In June 2018, Domain Group were announced as platinum partner[13] of the Australian Men's Cricket Team.[14] Under the deal, Domain became the presenting partner of men'stest cricket over four years, which includedthe Ashes, and became the official real estate partner ofCricket Australia.[15]

Description

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The Domain Group is best known for its real-estate portal domain.com.au, which is Australia's second largest real-estate marketing business, with 90% market penetration.[16] It competes directly with market leaderREA Group, running real-estate.com.au, which is majority-owned by Nine rivalNews Corp Australia.[17][18]

Assets

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As of August 2023, The Domain Group consists of a portfolio of businesses[19] including but not limited to:

  • The Domain (domain.com.au) and Allhomes (allhomes.com.au) residential property listings portals
  • The Commercial Real Estate commercial property portal (commercialrealestate.com.au)
  • Domain Media media agency (domainmedia.com.au)
  • Domain Review, Domain and Domain Prestige magazines
  • Pricefinder, a property data business whose products focus on modelling projected values of real estate for investors, agents and financial institutions
  • RealTime Agent point of sale platform
  • Homepass estate agent CRM

References

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  1. ^Mason, Max; Whyte, Jemima (3 July 2018)."Domain taps Google's Jason Pellegrino as new CEO".Australian Financial Review.
  2. ^"Domain Holdings Australia Limited 2021 Full Year Results Announcement""(PDF). shareholders.domain.com.au. Retrieved12 November 2021.
  3. ^"domain.com.au: Property from Every Angle". web.archive.org. Archived fromthe original on 27 November 1999. Retrieved29 April 2015.
  4. ^"Fairfax still likely to float Domain, Credit Suisse says | afr.com". afr.com. Retrieved29 April 2015.
  5. ^"Fairfax shares in trading halt ahead of Domain announcement".The Australian.
  6. ^"Fairfax Media confirms Domain spin-off".
  7. ^Meade, Amanda (19 February 2016)."Fairfax Media posts $27.4m profit despite lower print advertising revenue".The Guardian. Retrieved24 November 2017.
  8. ^Ward, Miranda (19 February 2016)."Domain drives growth for Fairfax as company continues on path from print to digital".Mumbrella. Retrieved24 November 2017.
  9. ^Bennett, Lindsay (16 November 2017)."Domain valued at $2.2 billion after listing on ASX".Ad News. Retrieved24 November 2017.
  10. ^"Domain listed on the ASX at noon".ABC News. 16 November 2017. Retrieved24 November 2017.
  11. ^American real estate giant CoStar eyes Domain takeover bidAustralian Financial Review 20 February 2025
  12. ^Domain receives Unxolicited, Non-Binding Indicative Proposal from CoStar Group Domain 21 February 2025
  13. ^AAP."Cricket Australia signs naming rights deal".cricket.com.au. Retrieved10 October 2018.
  14. ^Duke, Jennifer."'Domain Ashes': Real estate group partners with Cricket Australia".Sydney Morning Herald. Fairfax Media. Retrieved10 October 2018.
  15. ^McDonnell, Josh (25 June 2018)."Cricket Australia continues sponsor rebuild with new Domain deal". AdNews. Retrieved10 October 2018.
  16. ^"Domain starts year with big subscription growth – REB". rebonline.com.au. Retrieved29 April 2015.
  17. ^"Is Domain.com.au catching up to REA Group Limited? | Motley Fool Australia". fool.com.au. Retrieved29 April 2015.
  18. ^"Domain says it's 'no longer No 2'". The Australian. Retrieved29 April 2015.
  19. ^"Portfolio- Domain Group". domain.com.au.

External links

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