According to an article today in the Sydney Morning Herald, the domain name InvestmentProperty.com.au was sold in an expired domain name auction for $125,000 (around $129,000USD). The auction was held on NetFleet, a domain name aftermarket and sales venue.
The report states that the buyer is an Australian property developer, and apparently the previous registrant did not realize the domain name had expired.
The sale of InvestmentProperty.com.au is reportedly the highest publicly reported .com.au price achieved, significantly higher than the previous high of $33,000 for Hardware.com.au. The article does cite other private sales that may have been higher, including Poker.com.au, Flowers.com.au, and CreditCards.com.au.
18-letter cctld, I hope most people can spell all that, plus the .com.au makes it 23 letters!
Makes one appreciate Lowell.com and BethesdaArea.com even more!
This is only a taste of what is to come.
The pendulum of value is swinging from .com to cctld
.Co and all the right of dot that is to follow.
If InvestmentProperty.com.au is worth $125,000
imagine what
InvestmentProperty.co must be worth.
Plus listen to this. Have any of you heard any
$1,000,000 plus .com sales recently.
No. because people now know there is just as
much value with quality cctlds like .Co and gtlds
Second highest reported .com.au sale is Deals.com.au as per NameBio.com (April 2011).
Forgot to add the price for Deals.com.au, sorry: $100,000
that is a great deal… also rumors are gamercommute.com is going to sell for $100,000,
Robert, I agree. The vast majority of businesses only want to market within their country so the cctld makes better sense from a domain pov
Once Domainers realize this investment money will pour into these extensions and fuel a price increase
I saw this yesterday and cross-checked my portfolio to discover that I own InvestmentProperty.in – 3rd largest Internet Market after US and China with a roaring property market rooted in fundamental demand.
I plan to get someone to broker it for me.
@ RJ
Of course the problem is that it’s an English term and may not be an Indian term.
I found out and it is a commonly used word there. the real estate business is almost entirely done in english from ads to legal docs. Let’s see how it goes..
RJ- “Property” is the ticket for India. It’s better than “Real Estate”.
Now, just because someone in Australia paid a lot for theirs doesn’t mean that someone in India is prepared to do the same, but it’s definitely a good sign.
Didn’t Schwartz write recently about how he picked up IncomeProperty.com and IncomeProperties.com for peanuts?