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PEXA Group Limited

ASX Announcements

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PEXA appoints Russell Cohen as PEXA Group MD & CEO

CEO/Managing Director – Appointment Resignation

  • Dec 17, 2024
  • 5 pages

Notification of cessation of securities - PXA

Appendix 3H (Notification of cessation of securities)

  • Dec 6, 2024
  • 4 pages

Notification regarding unquoted securities - PXA

Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)

  • Dec 4, 2024
  • 6 pages

Change in substantial holding

Change in substantial holding

  • Dec 3, 2024
  • 6 pages

Appendix 3Y - Helen Silver

Change of Director’s Interest Notice

  • Nov 28, 2024
  • 3 pages

View all PXA announcements

November 2024

PEXA is the largest property settlement platform by some distance, with its competitors hoping it will be forced to open its platform

Legal threats and ACCC ‘assessment’ rock PEXA-Sympli stoush

The Commonwealth Bank-backed property settlement exchange warns it could sue the regulator if forced to share information that would end its dominance.

  • Kylar Loussikian
NAB chief financial officer Nathan Goonan appearing virtually at the CFO Live summit on Tuesday.

NAB executive warns of ‘elusive’ productivity gains in age of AI

Finance executives have been circumspect about the transformative power of the new technology, suggesting return on investment should be the focus.

  • James Eyers
PEXA CEO Glenn King (left) has Joe Pepper tackling the UK market.

PEXA courts $1.2b financial software player Dye & Durham

Sources say the group already has a stranglehold on Australian land settlements and is now looking to push into the UK through this takeover bid.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

August 2024

PEXA’s Glenn King is on his way out after shareholder pressure.

Shareholders wanted PEXA chief’s head

Several institutional shareholders aren’t displeased to see the end of the Glenn King era.

  • Updated
  • Myriam Robin

July 2024

PEXA is the largest property settlement platform by some distance, with its competitors hoping it will be forced to open its platform.

NSW, Queensland flag going it alone in PEXA property settlement snafu

Commonwealth Bank-backed PEXA could still be forced to open its platform to competitors despite the regulator earlier finding it was outside its remit.

  • Kylar Loussikian
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Property settlements largely go through PEXA’s platforms. Sympli, a competitor, wants to grow in the sector.

Could this be the country’s stupidest public policymaking debacle?

From a regulator which has declared it can’t do anything to a company – PEXA – transparently trying to keep its monopoly, there’s not much that can compare.

  • Kylar Loussikian
Australian house prices have experienced some of the biggest increases in the developed world since the pandemic.

NSW productivity agency queries whether PEXA plays with pricing

In a report, the NSW Productivity Commission says the Commonwealth Bank-backed fintech’s monopoly must be swiftly ended so it does not gain too much data.

  • Updated
  • Jemima Whyte
Former NSW premier Morris Iemma.

PEXA’s well-connected lobbyist can’t hurt

The change of government did wonders for Morris Iemma’s lobbying business, and property transfer monopoly PEXA is one of those hoping to take advantage.

  • Myriam Robin

June 2024

PEXA says the governments’ planned path to e-conveyancing competition doesn’t deal with the main issues.

PEXA drags feet on breaking up its own monopoly, pleasing investors

While shareholders are hopeful of overseas riches, the property settlement platform is facing the threat of its stranglehold on e-conveyancing being broken.

  • Jemima Whyte

May 2024

PEXA CEO Glenn King has Joe Pepper (right) tackling the UK market.

PEXA’s offshore venture shows much-needed proof of life

Going global has brought plenty of successful Australian businesses undone. This unheralded tech unicorn needed proof it was making headway – and it found some 10 days ago.

  • Anthony Macdonald

April 2024

Honey Insurance chief operating officer Angelo Azar, with CEO and founder Richard Joffe and chairman Peter Tonagh. The company can now plan to spend $108m of funding.

Sydney start-up Honey Insurance lands blockbuster $108m US investment

After 305 meetings Honey has closed a huge series A funding round, but it had to head offshore to find the right investors.

  • Paul Smith
Glenn King CEO

The one tip PEXA’s boss got about property investing

The former Geelong schoolboy says flexibility is crucial as he insulates the monopoly digital property exchange from the threat of greater competition.

  • Michael Bleby

September 2023

Rob Pradolin.

The new way to unlock ‘hundreds of millions’ for affordable housing

The first national platform for affordable housing would also show for the first time where around the country all the homes were located.

  • Michael Bleby
All lawyers, conveyancers and banks involved in electronic conveyancing have had to use the same operator - PEXA or Sympli - for deals to complete, but the systems will soon be connected.

Landmark e-conveyancing property deal as PEXA and Sympli connect

Assistant Minister for Competition Andrew Leigh said the use of both PEXA and Sympli would unlock competition in the e-conveyancing market.

  • James Eyers

August 2023

Auctioneer Michael Garofolo passed the Ryde property in on a vendor bid of $2.5 million.

Mortgage refinancing has probably peaked, PEXA says

An increase in sales transactions is good for the dominant conveyancing platform, and a further sign of the recovering housing market.

  • Michael Bleby
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Link Group bought a business in the UK in 2017 which has proved to be a serious drain on the company, after a $6 billion Woodford fund run by former star stock picker Neil Woodford went bust.

Link plunges to $418m loss on British woes

An acquisition in the United Kingdom in 2017 has been a disaster for Link shareholders, with the complex untangling of the asset now weighing on the company.

  • Simon Evans

June 2023

Hey big spender: Buyers last year bought $725.3 million-worth of property in cash last year.

The elite suburbs where buyers pay in cash

Broadbeach, Toorak and Mosman lead for cash purchases of residential property in an east coast housing market where one in four homes is acquired loan-free.

  • Michael Bleby

May 2023

Better property valuations could be used to fund large infrastructure projects such as Australia’s long-touted east coast very fast train.

AI property tool set to revolutionise valuation

Artificial intelligence is expected to radically improve how governments raise levies and banks value properties. It could even help fund the very fast train.

  • Tom Burton

February 2023

Cloudy, but diversifying: PEXA’s reliance on the domestic residential market is putting it under pressure to widen its sources of revenue.

PEXA seeks to diversify revenue amid ‘challenging’ housing market

The platform dominates the Australian residential market, but the current downturn shows that concentration needs to be balanced out by other activities.

  • Michael Bleby
Sun rising or setting? The housing downturn hit Sydney first, but the NSW capital market will stabilise first - as other markets follow it down, PEXA says.

Why Sydney’s housing market will recover faster than others

New settlements data from conveyancing platform PEXA shows the NSW property market will come out of the downturn faster than the rest of the country.

  • Michael Bleby

Original URL: https://www.afr.com/company/pexa-group-1nth