CoStar has spent more than $22 million buying Homes.com.au in a sign of how the American real estate giant plans to reshape the local property listings industry after it acquires Domain in a $3 billion takeover.
CoStar, one of the world’s biggest real estate listing platform providers, already operates Homes.com in the United States. It will pay $22.8 million to buy the local domain from a company founded by property developer Pat Carbone in 2018, two sources with knowledge of the transaction said.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
