REA Group (ASX: REA) is under regulatory scrutiny, confirming it has received a s155 Notice from the ACCC, requiring details on certain subscription offerings.
The s155 Notice refers to section 155 of the Competition and Consumer Act 2010, which contains the watchdog's compulsory information gathering powers.
The investigation follows speculation about competition concerns, though REA insists it remains committed to choice, value, and flexibility for consumers.
With 12.3 million monthly visitors to realestate.com.au, the company is a dominant force in Australia’s digital property market.
The ACCC’s probe comes amid broader concerns about market concentration in real estate services, with regulators increasingly challenging industry giants.
REA, controlled by News Corp, has expanded aggressively, acquiring complementary businesses to strengthen its ecosystem.
The company says it cooperates fully, but declined to comment due to confidentiality restrictions.
For investors, the ACCC’s inquiry raises questions about regulatory risk and potential market interventions.
REA’s subscription model is a key revenue driver, and any adverse findings could impact pricing strategies and competitive positioning.
The company has pledged to update the market as appropriate, but uncertainty remains over possible enforcement actions.
Real estate tech is facing heightened scrutiny, with regulators examining mergers, data practices, and pricing structures.
REA’s response will be closely watched, as competition watchdogs globally tighten oversight of dominant digital platforms.
At the time of writing, the REA Group Ltd's share price was $242.18, down $8.76 (3.49%) today. It has a market cap of around $32 billion.
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