CoStar Group, a leading provider of online real estate marketplaces, completed the acquisition of Domain Holdings Australia Limited.
This transformative deal aims to bring greater value and competition to agents, vendors, and homebuyers in Australia.
The acquisition combines CoStar Group's global scale, technology leadership, and pro-agent approach with Domain's strong portfolio of trusted Australian property brands.
Strategic Acquisition
CoStar Group's acquisition of Domain strengthens its presence in the Australian property market, aiming to offer innovative solutions and increased value to customers.
Market Transformation
The partnership between CoStar Group and Domain is set to redefine the Australian real estate industry by promoting fairness, innovation, and healthy competition.
Customer Focus
The joint commitment to investing in innovation and digital tools demonstrates CoStar Group and Domain's dedication to empowering agents and delivering value to sellers and buyers.
- CoStar Group's entry into Australia aims to disrupt the existing market dominance by focusing on agent-friendly platforms and lowering costs for all stakeholders.
- By leveraging Domain's brand strength and local expertise, CoStar Group plans to drive competition and enhance the user experience in the Australian property market.
The completion of the acquisition marks a significant milestone for CoStar Group and Domain, paving the way for a new standard of fairness, innovation, and competition in Australia's real estate sector.