Rod Sims says ‘worth considering’ whether realestate.com.au engaged in anti-competitive practices as Greens blast ‘rigged’ system

Rod Sims says ‘worth considering’ whether realestate.com.au engaged in anti-competitive practices as Greens blast ‘rigged’ system


Greens say the price hikes arising from REA Group’s dominance underscore need for new price-gouging lawsRead more in the Hot property seriesListen to our Full Story podcast on the super profits behind selling Australian homesRod Sims, the former chair of Australia’s competition law enforcer, says he believes the regulator should consider investigating the behaviour of the market’s leading real estate property portal, realestate.com.au, for potential anti-competitive behaviour.The Greens have also hit out at what they say is an alleged “outrageous abuse of market power”, saying the price hikes arising from REA Group’s dominance underscored the need for new price-gouging laws.Sign up for Guardian Australia’s breaking news email Continue reading...

https://www.theguardian.com/australia-news/2024/sep/20/rod-sims-says-worth-considering-whether-realestatecomau-engaged-in-anti-competitive-practices-as-greens-blast-rigged-system