Allhomes sells out to Domain for $50 million


CANBERRA real estate listing heavyweight Allhomes has been bought by Fairfax for a reported $50 million.

The deal, which will see Allhomes boss Tim White taking over the local management of Fairfax’s Domain website, is still subject to regulatory approval.

Real estate agencies will at least enjoy not having to pay to list on the two resources, but only time will tell how long that remains a saving.

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