Domain portal a business in trouble with declining market share, Catalano says

Original article by Cameron England
The Australian – Page: 17 : 15-Nov-23

Anthony Catalano’s View Media Group operates the view.com.au real estate listings business. Catalano sees Domain as View Media’s main rival, rather than REA Group’s realestate.com.au portal. He says the real estate sector is clearly moving towards a ‘one-portal market’ in the same way that employment and car sales are now largely dominated by one portal. Catalano adds that instead of trying to compete with REA, View Media is aiming to ‘own a consumer’ across different products, such as mortgages and insurance. He also believes that View Media poses a very serious threat to Domain; he is a former CEO of Domain.

CORPORATES
VIEW MEDIA GROUP PTY LTD, VIEW.COM.AU, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU

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