$1 trillion property market needs competition and resilience
Tuesday 31 March 2026
Today’s announcement from ARNECC and State and Territory Ministers reinforces what industry has long recognised, delivering competition and resilience in Australia’s $1 trillion property settlement market requires coordinated action across jurisdictions.
Australia’s property settlement system remains a critical national market with a single provider, leaving consumers and the economy exposed to:
- No meaningful choice
- A single point of failure
- Reduced system resilience
- Lost benefits from competition
Every major review has found competition improves outcomes, including strengthening system resilience. None have concluded a monopoly serves Australians’ interests.
The recent reviews also clearly stated that the reform is technical feasible and economically beneficial with major benefits delivered within 12-18 months.
With the policy case and legislated obligation established, the focus must now shift to implementation.
Sympli CEO, Philip Joyce, said the announcement presents an opportunity to move forward with clarity and shared accountability:
“The case for competition and resilience is clear, the task now is delivering it. This requires all parts of the system working together.”
“Effective reform requires partnership.”
“Competition in this market will improve resilience, increase choice and deliver better outcomes for home buyers and sellers, particularly at a time of housing pressure.”
“There is now a clear opportunity to move forward with purpose.”
Media Inquiries: Ella Woods-Joyce, via email: ella.woods-joyce@sympli.com.au
About Sympli
Sympli is the result of a collaboration between InfoTrack and ASX. We want to create more opportunity, add value and represent the market with an e-Settlements service from which practitioners across Australia can benefit.
InfoTrack is Australia’s leading provider of eConveyancing technology and services and has been creating software for the legal and financial industries for over 18 years. InfoTrack has a focus on simple, end to end solutions, leveraging expertise to craft a truly integrated e-settlements platform that you can trust.
As one of the world’s leading financial exchanges, the ASX bring experience in clearing and settling transactions with security, speed, reliability, and cutting-edge technology. The combination of the two bring you Sympli: the next generation e-settlements solution delivering healthy competition, reliability, security and value to the industry.
For more information visit sympli.com.au