CoStar Group, Inc., a leading provider of online real estate marketplaces, information, analytics and 3D digital twin technology in the property markets, announced today the successful completion of its acquisition of Domain Holdings Australia Limited (“Domain”), one of Australia’s leading property marketplaces.
This transformative acquisition will combine CoStar Group’s proven global scale, technology leadership, and pro-agent approach with Domain’s deep expertise and strong portfolio of trusted Australian property brands.
“Today marks an important milestone as CoStar Group and Domain officially come together to redefine the Australian property market,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “For too long, agents, buyers and vendors have faced an unbalanced marketplace dominated by an intention to extract value rather than deliver it. Our vision is different. We are building a more compelling user experience at a lower cost – driving greater value for agents, vendors, and buyers alike. We are the agent’s ally, and we will never operate at their expense.”
Domain reaches an average of 7 million Australians each month, making it one of the country’s most recognized and trusted property platforms. By pairing Domain’s brand strength and local expertise with CoStar Group’s innovation, marketing scale, and investment capacity, Domain will be uniquely positioned to drive much-needed competition.
“Agents and vendors are being squeezed by legacy models that raise prices without raising value,” continued Florance. “That ends here. CoStar Group’s entry into Australia is about creating a sustainable, pro-agent, pro-buyer and pro-vendor marketplace – one that invests in better content, better tools, more traffic, and a superior user experience, while lowering costs. We dismantled market dominance in the U.S. by transforming Homes.com into a true agent-friendly platform, and we are ready to apply that same proven playbook in Australia.”
Jason Pellegrino, President of Domain, said, “This transaction reinforces the strong fundamentals of Domain and represents compelling value for customers. With CoStar Group, we believe Domain will accelerate its ability to deliver innovative solutions and greater opportunities for customers, while maintaining its trusted place in the Australian property market.”
CoStar Group and Domain are committed to further investing in innovation, digital tools, and customer experience enhancements that empower agents and deliver meaningful value to sellers and buyers.
With the acquisition complete, CoStar Group will work closely with Domain to ensure a seamless integration and accelerate the rollout of enhanced technology and customer solutions in Australia.
“The opportunity in Australia is vast, and our commitment is clear: to deliver more, for less, and to be the partner agents and sellers deserve,” concluded Florance. “Together, CoStar Group and Domain will set a new standard for fairness, innovation, and competition in the Australian real estate industry.”