Cooper Mills Lawyers, a technology focused law firm from Melbourne, Australia reported the sale of the Money.com.au domain name for $400,000 AUD. At today’s exchange rate, that is just shy of $280,000 USD. The law firm represented the buyer on this transaction. The deal was shared in a blog post and via Twitter:
Congratulations to Shaun McGowan on the acquisition of https://t.co/Rq7gPYDJ2l for $400,000, largest reported .com.au sale within the last 12 months. @Coopermills was proud to have acted to for the purchaser in this transaction https://t.co/iecfimOraB
— Cooper Mills Lawyers (@Coopermills) June 27, 2019
In looking at DNJournal’s year to date sales report, the sale of Money.com.au will rank in the top 15 publicly reported domain name sales of the year. It surpasses last week’s $270,000 sale of PFF.com and below the $335,000 sale of Free.Games. This sale is the largest ccTLD domain name sale of the year, easily beating out the $68,000 sale of Swipe.IO. (See update below)
According to NameBio, this $400,000 AUD / $280,000 USD sale is Australia’s largest ccTLD domain name sale of all time. The prior record holder is the $127,501 sale of InvestmentProperty.com.au in 2011. The only other publicly reported six figure .com.au sales were Cruises.com.au ($103,400), Fetch.com.au ($100,320), Deals.com.au ($100,000) and Poker.com.au ($100,000).
It looks like the buyer has already launched his website on Money.com.au.
Update: I just learned that this deal closed in 2018 but was just reported this week. Ron Jackson archived it in the 2018 domain name sales report, where it stands as the 29th largest sale of the year.
Thanks to Erhan Karabardak of Cooper Mills Lawyers for sharing news of this domain name sale.
I’d say money.com is probably worth around $50m so the math adds up.
Very promising sale for a rather restrictive cc like .com.au.
“this $400,000 AUD / $280,000 USD sale is Australia’s largest ccTLD domain name sale of all time”
That is a sad statistic.
Cars.com.au sold for $1.5 million AUD to http://www.Carsales.com It showed up in their financial documents previously as they are a listed company https://en.wikipedia.org/wiki/Carsales.com
Where do you see that? Also, was that strictly a domain name sale?
I have always felt that the .AU zone has great potential for resale, but I just cannot find a good domain in this zone at the wholesale price