Fairfax Media acquires property data group as investment in Domain
Fairfax Media has bought property data and mapping provider Property Data Solutions for $30m, boosting its offering from property classifieds website Domain.
The purchase reported on the Australian Securities Exchange will see the Property Data Solutions (PDS) PriceFinder brand – which provides property data research to over 5,000 subscribers – combined with Fairfax’s existing property data business, Australian Property Monitors.
PriceFinder will be renamed APM PriceFinder and headed by Tom White, CEO and MD of PDS.
Greg Hywood, chief executive of Fairfax Media, said the acquisition is consistent with the media company’s strategy to invest in its property search website Domain.
There’s a hole in the bucket, Dear Liza.
Regardless of their $30m investment, they still don’t even hold a candle to REA.
No, I dont work for REA, but I am a seasoned property hunter.
Just sayin