CoStar's $15 Million Acquisition of Homes.com.au Domain

Deal News | Jun 04, 2025 | Aim Group

CoStar Group, under the leadership of CEO Andy Florance, has acquired the domain Homes.com.au for approximately AUD22.8 million (USD14.7 million) from an Australian property developer. The domain was initially registered in 2018 and this acquisition signals CoStar's strategic expansion and interest in the Australian property market. The acquisition highlights the significant value placed on digital real estate, particularly in the competitive online property listing sector.

Sectors

  • Real Estate
  • Technology

Geography

  • Australia – The domain, Homes.com.au, suggests a focus on the Australian real estate market.
  • United States – CoStar Group is a U.S.-based company, indicating their geographical footprint in this acquisition.

Industry

  • Real Estate – The acquisition of a property-related domain is directly linked to the real estate industry, focusing on digital listings and market presence.
  • Technology – The purchase of a web domain signifies technological investment, as it involves online property portals and digital media presence.

Financials

  • AUD22.8 million (USD14.7 million) – The purchase price paid by CoStar Group for the Homes.com.au domain.

Participants

NameRoleTypeDescription
CoStar GroupAcquirerCompanyA leading provider of commercial real estate information, analytics, and online marketplaces.
Homes.com.auTargetCompanyA domain related to the Australian property market, initially registered by an Australian developer.
Andy FloranceCEO of AcquirerPersonCEO of CoStar Group, overseeing strategic decisions including acquisitions.
Australian Property DeveloperSellerCompanyThe original registrant of the Homes.com.au domain.