Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site.

Domain (ASX:DHG) Makes A Tech Acquisition

Domain (ASX:DHG) has announced it's going to make a technology acquisition.

Domain (ASX: DHG) has announced it’s going to make a technology acquisition.

Domain is the business behind one of Australia’s largest property portals, Domain.com.au, which allows property sellers to try to advertise to as many potential buyers as possible. Some of the other real estate websites it operates includes Allhomes.com.au and Commercialrealestate.com.au.

Domain’s New Acquisition

Domain announced this morning that it has entered into a binding agreement to acquire Bidtracker holdings, which is the company that operates ‘Real Time Agent’.

The upfront payment in cash is $19.4 million upon completion. The ‘on-target’ price is $24.8 million. If it achieves defined targets over FY20 and FY21 it will result in a total of $35 million paid for the acquisition, which would require a 200% achievement of the business plan.

What Is Real Time Agent?

It’s an Australian point of sale platform that digitises key steps in the property process including agency agreements, auctions and contracts.

‘Real Time Authority’ is a digital execution of the binding agreement between the real estate agents and vendors.

‘Bidtracker’ is a tool for agents to digitally record individual bids and auction results, in real time, providing agencies and franchises with real time visibility of their business and performance.

‘Real Time Contracts’ is a digital sale contract process that calculates settlement dates and deposits and instantly sends copies of the completed contract to the agent, office, vendor and purchaser. One useful bonus is that it works offline.

It has more than 4,000 agent customers with a 98% customer retention rate.

Domain Management Comments

Domain CEO and Managing Director Jason Pellegrino said: “We’re thrilled to welcome Real Time to the Domain Group. Real Time Agent’s products deliver huge benefits to both agents and consumers, and accelerate our existing strategy of delivering technology that streamlines the online and offline property process.

The Real Time Agent products save agents significant admin time – up to four hours per transactions – and reduce back-office costs and paperwork, as well as improving accuracy and compliance.”

[ls_content_block id=”14945″ para=”paragraphs”]

[ls_content_block id=”18380″ para=”paragraphs”]

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content