CoStar Group Acquires Domain, Expands Commercial Real Estate Footprint

CoStar Group, a commercial real estate industry expert, has completed its acquisition of Domain. CoStar Group provides information, analytics, and online marketplaces to professionals in the industry. The company generates 95% of its net sales from online marketplace sales and 5% from information services. North America accounts for 95% of its net sales.

Title: CoStar Group Completes Acquisition of Domain, Enhancing Market Competition in Australia

July 2, 2025 - CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, analytics, and 3D digital twin technology, has successfully completed its acquisition of Domain Holdings Australia Limited, one of Australia's leading property marketplaces. The acquisition, announced on August 27, 2025, is expected to bring greater value and competition to agents, vendors, and homebuyers across Australia.

CoStar Group, founded in 1986, is committed to digitizing the world's real estate and empowering professionals in the industry. With this acquisition, CoStar Group aims to leverage its proven global scale, technology leadership, and pro-agent approach to redefine the Australian property market. Domain, with its deep expertise and strong portfolio of trusted Australian property brands, will benefit from CoStar Group's innovation, marketing scale, and investment capacity.

Andy Florance, Founder and Chief Executive Officer of CoStar Group, stated, "Today marks an important milestone as CoStar Group and Domain officially come together to redefine the Australian property market. 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, which reaches an average of 7 million Australians each month, will be uniquely positioned to drive much-needed competition in the Australian property market. By combining Domain's brand strength and local expertise with CoStar Group's innovation, marketing scale, and investment capacity, the merged entity will focus on delivering better content, better tools, more traffic, and a superior user experience, while lowering costs.

The acquisition is part of CoStar Group's strategy to create a sustainable, pro-agent, pro-buyer, and pro-vendor marketplace. CoStar Group dismantled market dominance in the U.S. by transforming Homes.com into a true agent-friendly platform and is now applying the same proven playbook in Australia.

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. The integration process will focus on ensuring a seamless transition and accelerating the rollout of enhanced technology and customer solutions in Australia.

The opportunity in Australia is vast, and CoStar Group's commitment is clear: to deliver more, for less, and to be the partner agents and sellers deserve. Together, CoStar Group and Domain will set a new standard for fairness, innovation, and competition in the Australian real estate industry.

References

[1] https://www.stocktitan.net/news/CSGP/co-star-group-completes-acquisition-of-domain-ushering-in-a-new-era-97bwp4nkcb75.html
[2] https://www.costar.com/news/us