PEXA Group reaffirmed its FY26 guidance after a “solid trading performance” in 1QFY26, while noting Australian property market volumes “softened slightly” early in 2QFY26.
“We delivered a solid trading performance in the first quarter of FY26 across both Australia and the UK,” said PEXA chief executive Russell Cohen. Australian property transaction volumes rose 6% on strong refinancing activity, and the UK business is gaining momentum after a subdued period.
“PEXA is executing well against our FY26 strategy, and I am pleased to reaffirm our guidance for FY26,” Cohen added.
The company is investing in the resilience and modernisation of its Australian Exchange platform to deliver improvements, and in the UK remains on track to launch a PEXA-enabled remortgage service with NatWest in the first half of calendar 2026. It remains focused on lender and conveyancer adoption and says it is “well positioned to capture significant growth opportunities in this market.”
What is PEXA?
When a home is bought, sold or refinanced in Australia, your lawyer, conveyancer and lender will typically use a digital platform to complete settlement. PEXA provides a world-first digital settlement platform that has transformed property exchange in Australia, delivering faster access to sale proceeds and near real-time visibility of settlements. Supported by a network of financial institutions and legal and conveyancing professionals, we help more than 20,000 families safely settle their homes each week.
PEXA connects people, businesses and governments across the property ecosystem, providing secure digital infrastructure, integrated solutions and actionable insights. It is also exporting its financial settlement model to the United Kingdom, where its digital remortgaging solution is now live, and we continue to work with the UK housing industry to digitise the purchase and sale process.