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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Domain gets go-ahead for $50m takeover

By Staff Reporter
08 September 2014 | 1 minute read

Domain has received regulatory approval for its $50 million acquisition of All Homes - the leading online property portal in Canberra.

The Australian Competition and Consumer Commission (ACCC) said the proposed takeover was not likely to “substantially lessen competition in markets for online or print real estate advertising in the ACT”.

It noted that in comparison to its presence in other states, Domain is "a weak competitor in the ACT" and its market position was "unlikely to change in the foreseeable future".

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The competition watchdog also said All Homes' presence was limited in the other states.

Clearance allows Fairfax to take possession of a company that serves more than 180 real estate agencies in the ACT.

The All Homes brand will be retained, operating in tandem with Domain in the market.

"Market enquiries indicated that aggregating Fairfax's print and online assets with All Homes was unlikely to change the current competitive dynamics," ACCC commissioner Jill Walker said.

"This is due to the dominant position of All Homes in the ACT and the decrease in circulation of The Canberra Times."

The ACCC said it had analysed confidential agreements between All Homes and real estate agents and determined there would be no restrictions following the deal that would prevent real estate agents listing on a range of competing websites, including realestate.com.au

"During the course of its investigation, the ACCC contacted a large number of real estate agents and other market participants, with a vast majority considering that the proposed acquisition would have little material impact on competition for real estate advertising in the ACT," Dr Walker said.

Domain gets go-ahead for $50m takeover
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.