July 23, 2008; 04:37 AM
Sydney, Australia, July 23, 2008 --(PR.com)-- Internet gold rush is on…
A major shift in policy from auDA, Australia’s domain name regulator has lead to an explosion in .au domain name trading.
Effective
from 1st June 2008, the change means that Australians can now buy and
sell domain names for profit resulting in a boom in virtual real estate
speculation.
Domain names are the backbone of the internet and
often aptly described as virtual real estate. Indeed, thousands of
domainers around the world make their living from these online
properties by buying, selling and even renting to people and businesses
that have a connection to the domain name.
Now, with this new
legislation, the industry has arrived in Australia with a bang. The
prospect of turning a $30 or so registration fee into a 6 figure sale
is probably consigned to history but one thing is sure, with 1.1
million .au domain names already registered, supply of premium domains
becomes tighter and tighter leading to a surge in domain name
valuations.
www.netfleet.com.au
is the leading website to have emerged with a focus on Australian
domains with over 3,000 .au domains listed. It currently lists two
sales so far photographers.com.au for $5,000 and floranet.com.au for
$400. Still current auctions include mail.com.au with an asking price
of $1,000,000 and hobart.com.au drawing a bid of $15,000.
With
less than 2 months since the dawn of this new type of investment, the
.au domain aftermarket has experienced a tremendous start and it’s only
a matter of time until we can expect to see the first of the dot com
dot au millionaires.
Selection of domain name sales:
Internationally:
Sex.com – US$14,000,000 Porn.com – US$9,500,000 Business.com - $US7,500,000 Perth.com – US$200,000
In Australia (some sales made prior to rule change so exact prices can not be 100% verified)
Jobs.com.au - A$200,000 + Tennis.com.au - A$60,000 – A$80,000 est Freestuff.com.au – A$18,500
For more information, contact David Lye on [email protected] or 0402 345 074
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