Domain Group (or simply Domain) is an Australian digital property portal and associated real-estate industry business. The company was founded by

Fairfax Media Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased ''The Sydney Morning Herald' ...

, when the publisher branded their real-estate sections in print with the Domain brand and first established an online presence in 1999. The company was a wholly owned

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of Fairfax until November 2017, when Domain was listed on the

Australian Stock Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

as a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

, although Fairfax Media (now

Nine 9 is a number, numeral, and glyph. 9 or nine may also refer to: Dates * AD 9, the ninth year of the AD era * 9 BC, the ninth year before the AD era * 9, numerical symbol for the month of September Places * Nine, Portugal, a parish in the ...

) retained a 60% ownership of shares. 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. It competes directly with market leader

REA Group REA Group Ltd and its subsidiary companies, known as the REA Group, make up a global online real estate advertising company. REA Group is headquartered in Melbourne, Australia with subsidiary offices in Wanchai, Hong Kong and Gurugram, India. RE ...

, running real-estate.com.au, which is majority-owned by Nine rival

News Corp Australia News Corp Australia is an Australian media conglomerate and wholly owned subsidiary of the American News Corp. One of Australia's largest media conglomerates, News Corp Australia employs more than 8,000 staff nationwide and approximately 3,00 ...

. In June 2018, Domain Group were announced as platinum partner of the Australian Men's Cricket Team. Under the deal, Domain will be the presenting partner of men’s Test cricket over four years, which includes the next Ashes to be hosted in Australia, and will become the official real estate partner of Cricket Australia.

Assets

The Domain Group consists of a portfolio of businesses including but not limited to: * The Domain and Allhomes residential property listings portals * The Commercial Real Estate commercial property portal * APM Pricefinder, a property data business whose products focus on modelling projected values of real estate for investors, agents and financial institutions * Metro Media Publishing Group (MMP), which was fully acquired by Fairfax Media in January 2015 and consolidated into the Domain Group.

Public listing

In February 2015, the

Australian Financial Review ''The Australian Financial Review'' (abbreviated to the ''AFR'') is an Australian business-focused, compact daily newspaper covering the current business and economic affairs of Australia and the world. The newspaper is based in Sydney, New Sou ...

published an article highlighting

Credit Suisse Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global " ...

analyst expectations of a likely float of the Domain Group in the future, and attributed an AUD $1.3 billion valuation to the group. On 21 February 2017 trading in Fairfax shares was suspended until half yearly results and an announcement of intent to turn Domain into a listed entity were announced. Domain Group was widely seen to "prop up" Fairfax revenues, as the company's publishing divisions were struggling. Domain began trading on the

ASX Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

at midday (

AEDT Australia uses three main time zones: Australian Western Standard Time (AWST; UTC+08:00), Australian Central Standard Time (ACST; UTC+09:30), and Australian Eastern Standard Time (AEST; UTC+10:00). Time is regulated by the individual state ...

) 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.

References

External links

* {{S&P/ASX 200 Australian real estate websites Companies listed on the Australian Securities Exchange Fairfax Media Real estate companies of Australia Nine Entertainment