The Australian domain name aftermarket continues to grow strongly with the sale last week of Hobart.com.au for A$65,000, which was originally bought for $875 in 2007.
The Australian aftermarket came into being following changes to registration policies in 2008. Prior to this, domain names could only be “sold” when the domain name was part of a transaction such as the sale of a business.
The domain was one of a number of geographical domains David Lye, an Australian domainer, picked up in 2007.
Reflecting this growth, Lye told Domain Pulse the price of domain names has exploded in recent years.
“Australian domains have shown incredible growth in the four years or so since prohibition on trading was relaxed,” said Lye. “Domain registration numbers have more than doubled but values of domains trading on the secondary market have exploded. In fact, the most comprehensive market data available which takes into account repeat sales of domains shows domain sale prices have almost tripled just in the last two years.”