Costar Group, Inc. (NASDAQ: CSGP) has successfully completed the acquisition of Domain Holdings Australia Limited ("Domain"), a prominent property marketplace in Australia. This acquisition is expected to bring significant changes to the Australian property market, with Costar Group intending to leverage its global scale, technology leadership, and pro-agent approach, combined with Domain's local expertise and trusted property brands.
As part of the acquisition, Costar Group will be working closely with Domain to integrate enhanced technology and customer solutions in Australia. The press release emphasized Costar Group's commitment to delivering more value at a lower cost, with a focus on creating a sustainable, pro-agent, pro-buyer, and pro-vendor marketplace.
One of the key highlights of this acquisition is the significant reach of Domain, which averages 7 million Australians each month, making it one of the most recognized and trusted property platforms in the country. This, combined with Costar Group's investment capacity, is expected to position Domain to drive much-needed competition in the Australian property market.
The press release also underlined Costar Group's track record in transforming real estate marketplaces, citing the example of how the company dismantled market dominance in the U.S. by turning Homes.com into a true agent-friendly platform.
Costar Group's commitment to investing in innovation, digital tools, and customer experience enhancements was reiterated, with the company and Domain expressing their dedication to empowering agents and delivering meaningful value to sellers and buyers.
Following the completion of the acquisition, Costar Group is poised to set a new standard for fairness, innovation, and competition in the Australian real estate industry, with a clear commitment to delivering more value for less, and being the partner that agents and sellers deserve.
About Costar Group: Costar Group, founded in 1986, is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. The company's major brands include Costar, LoopNet, Apartments.com, Homes.com, and Domain. In the second quarter of 2025, Costar Group's websites attracted over 141 million average monthly unique visitors, serving clients around the world. The company is headquartered in Arlington, Virginia and is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. As a result of these announcements, the company's shares have moved -0.53% on the market, and are now trading at a price of $88.895. If you want to know more, read the company's complete 8-K report here.
