Property settlement platform PEXA Group has upgraded its revenue and earnings forecasts for the year after reporting stronger-than-expected residential market conditions in its first half year as a listed company.
PEXA said on Wednesday volumes had risen 37 per cent in the six months to December to 2.1 million transactions – equal to 60 per cent of the full-year volume it predicted in its pre-listing prospectus – boosting revenue 45 per cent to $145.4 million.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
