Online Marketplaces (Property)

Australia's Domain to Sell Adjacent Businesses as CoStar Vision Takes Shape

Australia’s Domain, the country’s second‑largest real‑estate portal owned by CoStar Group, announced it will divest several adjacent software businesses to sharpen its focus on core property platforms. The assets slated for sale include agent workflow tools Realhub, Engage, Campaigntrack, Real Time Agent and the valuation platform IDS, with divestments expected to conclude by the end of 2026. CoStar’s President Jason Pellegrino framed the move as a strategic cleanup to leverage global scale and deliver greater value to customers. The decision follows earlier comments from CEO Andy Florance about refocusing after years of unfocused expansion.