Australia’s competition watchdog is in the early stages of a probe into REA Group, looking at whether the News Corp-controlled real estate listings giant has been misusing its market dominance to hike prices unreasonably.
The Australian Competition and Consumer Commission has been quietly meeting with real estate agents and industry bodies over the past few weeks, asking whether they have feedback or issues with the $34 billion, ASX-listed company.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
