Today we saw the purge and subsequent snapping of InvestmentProperty.com.au. It was a very exciting auction with the price breaking our previous highest sale of Electricity.com.au for 30K with more than an hour left on the auction. When the hammer fell at one minute to one we had a new record highest sale price at Netfleet.com.au of $125,001 (xGST). This is the highest publicly recorded sale of a .com.au at this time with only the domain included – a clear indicator of how the Australian domain name market has matured over the past few years. Amazingly, this domain was allowed to expire by the previous registrant.
It will be interesting to see what the new registrant, Steven Rollan of MAD CAT PTY LIMITED, will do with this high quality name in a market which is very close to home for most investors.
I’d personally love to know why the previous registrant, Anthony Ziino of INVESTMENT PROPERTY SOLUTIONS, did not renew the name but suspect that I’ll never find out.
Thanks to all the participants in today’s auction who saw value in this domain, as we only charge $1 more than the next highest bidder, so without a bit of competition this name could have been snapped for as little as $10.