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Rivals concerned as PEXA leverages monopoly to build lucrative data business

Senior Business Correspondent
11 Mar, 2025
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Michael Sainsbury
Senior Business Correspondent
11 Mar, 2025
Add us as a preferred source on Google
Electronic conveyancing monopoly PEXA (Property Services Australia Pty Ltd) is using the 54% margins on its platform revenue to buy up stakes in at least seven companies to build a valuable property sector data and valuations business, known as Digital Solutions, which its competitor claims could soon be worth up to $1 billion.
Rivals concerned as PEXA leverages monopoly to build lucrative data business
Chief Executive of Sympli Philip Joyce says PEXA is now openly competing with government and private operators on land insight data with limited oversight. Critics believe it could be the first step in even broader ambitions in the property sector that have been signalled

Electronic conveyancing monopoly PEXA (Property Services Australia Pty Ltd) is using the 54% margins on its platform revenue to buy up stakes in at least seven companies to build a valuable property sector data and valuations business, known as Digital Solutions, which its competitor claims could soon be worth up to $1 billion.

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