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

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

Why Domain Holdings Australia Ltd. (ASX:DHG) is on the up

The Domain Holdings Australia Ltd (ASX:DHG) share price was trading 3.45% higher today despite not reporting any material news.

The Domain Holdings Australia Ltd (ASX:DHG) share price was trading 3.45% higher today despite not reporting any material news.

For context, the broader Australian share market or S&P/ASX 200 (ASX: XJO) was trading at 5370.7, down 2.13%.

About Domain Holdings Australia Ltd

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. 

What’s up with Domain?

Although Domain hasn’t reported as yet, confidence has seemingly risen with the share price currently up 3% for the day. This could be due to the news that the COVID-19 situation could potentially be over much sooner than originally thought.

Last month, Domain made an ASX announcement and said:

“While trading conditions in March show improving listings volumes, and yield growth driven by our new commercial pricing model, there is uncertainty about the potential impact of COVID-19 on the Australian property market.”

Both Domain Holdings and REA Group Ltd. (ASX: REA) have enjoyed strong gains in the past month after enduring steep falls following news of the Coronavirus (COVID-19) and the shock that this had to the property market and the greater public.

Domain Holdings is a strong player in the advertising and technology space there is no doubt. And if the government keep with the current update and loosen restrictions on people’s movements, the property market is certain to benefit.

Domain is one for the watchlist at this stage, at least until we get an update on the current situation in property markets and rentals. That said, the company’s share price is down a long way from where it started the year.

Domain shares were last seen trading at $2.40, giving the company a market capitalisation more than $1 billion.

[ls_content_block id=”18457″ 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