Property buyers and sellers will be worse off after governments agreed on new rules around competition for incumbent Pexa in the growing econveyancing market, according to aspiring rival LexTech.
The system under development will entrench a duopoly and saddle consumers with higher prices, it claims.
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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. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
