Company type | Public company |
---|---|
ASX: DHG | |
Industry | Real Estate |
Founded | 1999 |
Headquarters | 100
Harris Street, , Australia |
Key people | Jason Pellegrino [1] ( CEO) |
Brands | domain.com.au; commercialrealestate.com.au; allhomes.com.au; pricefinder.com.au |
Revenue | A$289.6 million (2021) [2] |
Owners | Nine Entertainment (52.9%) |
Number of employees | 900+ |
Website |
www |
Domain Group (or simply Domain) is an Australian digital property portal and associated real-estate industry business. It is best known for its real-estate website domain.com.au, and also owns the brands commercialrealestate.com.au and allhomes.com.au. The company was a wholly-owned subsidiary of Fairfax Media from 1999 until November 2017, when Domain was listed on the Australian Securities Exchange as a public company, although Fairfax Media (now Nine Entertainment) retained a 60% ownership of shares.
The company was founded by Fairfax Media, when the publisher branded their real-estate sections in print with the Domain brand and first established an online presence in 1999. [3]
In February 2015, the Australian Financial Review published an article highlighting Credit 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 the Australian Securities Exchange on 16 November 2017, with shares opening at AU$3.80 giving the company, listed as Domain Holdings Australia (ASX:DHG), a valuation of nearly AU$2.2 billion. [9] [10]
In June 2018, Domain Group were announced as platinum partner [11] of the Australian Men's Cricket Team. [12] Under the deal, Domain became the presenting partner of men's test cricket over four years, which included the Ashes, and became the official real estate partner of Cricket Australia. [13]
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. [14] It competes directly with market leader REA Group, running real-estate.com.au, which is majority-owned by Nine rival News Corp Australia. [15] [16]
As of August 2023, The Domain Group consists of a portfolio of businesses [17] including but not limited to:
Company type | Public company |
---|---|
ASX: DHG | |
Industry | Real Estate |
Founded | 1999 |
Headquarters | 100
Harris Street, , Australia |
Key people | Jason Pellegrino [1] ( CEO) |
Brands | domain.com.au; commercialrealestate.com.au; allhomes.com.au; pricefinder.com.au |
Revenue | A$289.6 million (2021) [2] |
Owners | Nine Entertainment (52.9%) |
Number of employees | 900+ |
Website |
www |
Domain Group (or simply Domain) is an Australian digital property portal and associated real-estate industry business. It is best known for its real-estate website domain.com.au, and also owns the brands commercialrealestate.com.au and allhomes.com.au. The company was a wholly-owned subsidiary of Fairfax Media from 1999 until November 2017, when Domain was listed on the Australian Securities Exchange as a public company, although Fairfax Media (now Nine Entertainment) retained a 60% ownership of shares.
The company was founded by Fairfax Media, when the publisher branded their real-estate sections in print with the Domain brand and first established an online presence in 1999. [3]
In February 2015, the Australian Financial Review published an article highlighting Credit 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 the Australian Securities Exchange on 16 November 2017, with shares opening at AU$3.80 giving the company, listed as Domain Holdings Australia (ASX:DHG), a valuation of nearly AU$2.2 billion. [9] [10]
In June 2018, Domain Group were announced as platinum partner [11] of the Australian Men's Cricket Team. [12] Under the deal, Domain became the presenting partner of men's test cricket over four years, which included the Ashes, and became the official real estate partner of Cricket Australia. [13]
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. [14] It competes directly with market leader REA Group, running real-estate.com.au, which is majority-owned by Nine rival News Corp Australia. [15] [16]
As of August 2023, The Domain Group consists of a portfolio of businesses [17] including but not limited to: