Property listings giant REA Group under ACCC investigation over pricing concerns
REA Group, operator of Realestate.com.au, is the subject of an Australian Competition and Consumer Commission (ACCC) probe over allegations of excessive price increases and misuse of its market dominance.
REA Group dominates Australia's property listing marketplace, with its nearest competitor having a market capitalisation of less than one-tenth of REA. (Image source: Shutterstock.com)
REA Group, operator of Australia’s largest property portal Realestate.com.au, is being investigated by the Australian Competition and Consumer Commission (ACCC) over allegations of price gouging and market power abuse.
The site, which REA says attracts more than 122 million page views and 12.3 million users per month, is the seventh largest online brand in the country.
The ACCC probe has entailed meetings with real estate agents and is investig…
