Domain chief executive Jason Pellegrino says the real-estate market may have slowed down a touch but isn’t close to topping out, despite signs of buyers taking a breather in Sydney and Melbourne.
“What we are seeing is also strong demand, but the gap between supply and demand has moderated,” he said. The transaction includes a consideration of up to $50 million dependent on financial performance targets and Mr Pellegrino said the acquisition expands Domain’s offering for real-estate agents looking to list houses.
Domain’s “marketplace strategy” has moved the company’s focus away from the online classifieds model to find ways to capture more of the value found in property transactions, not just search.
Slow and frustrating imho . PropertyMarket
Did anyone really expect him to say anything else?
A major sleazeball peddling his business. And that's worth printing for the The Age.