Macquarie says lender pledge set to speed Aussie PEXA's adoption, boost market share

PEXA

01/12/2025 23:12

** Macquarie expects a formal pledge from additional Tier-1 lender to spur the remaining four to join property settlement platform PEXA Group PXA.AX swiftly, accelerating market share gains

** New South Wales (NSW) settlement activity rose 4.4% in November from a year earlier, easing sharply from October's 17.6% and September's 12.9% gains - Brokerage

** YTD, October volumes beat its forecasts, but softness in NSW November keeps Macquarie cautious

** Reiterates 'outperform' rating with A$19.10 price target, naming it as its 'key pick'

** Stock up 9.6% YTD, as of last close

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))