SYDNEY, 26 May 2026 – InfoTrack Group today announced that it will acquire the Australian Securities Exchange’s (ASX) 49% stake in Sympli, Australia’s challenger electronic property settlement platform, in a transaction mutually agreed by both parties.
John Ahern, InfoTrack Group CEO said, “We thank the ASX for its partnership and its shared commitment to delivering competition. This transition does not change our purpose. Eight years ago, we started Sympli because we believed, and still believe, that competition is fundamental to a healthy, resilient property industry. We will refocus and double down our efforts to finish what we started. There is no technical barrier to interoperability, only political will. We call on the regulator and governments to act and deliver the competition that was promised to our industry many years ago.”
InfoTrack’s commitment to take full ownership of Sympli reinforces its determination and focus. “InfoTrack will continue to invest, ensure we have the best team going forward, continue to innovate, and continue to advocate for this critically important outcome. We are pursuing every possible avenue and will continue to engage with our clients, the lawyers and conveyancers who service the property industry, government, regulator, and industry stakeholders. We will not rest until competition is realised.”
“The structural and operational separation between InfoTrack and Sympli will remain firmly in place. Sympli’s intent has always been, and will always be, to offer clients genuine choice, and that commitment to independence and client-first values does not change with this transition. We uphold those values unconditionally,” says Ahern.
This announcement follows the 31 March 2026 statement by the Australian Registrars National Electronic Conveyancing Council (ARNECC) not to proceed with the e-conveyancing interoperability program without Commonwealth Government support.
InfoTrack has expressed profound disappointment in ARNECC’s announcement, speaking on behalf of the broader industry. “The regulator and governments that have had every opportunity to act and have chosen not to. It is a failure for the lawyers and conveyancers who work every day to serve their clients and deserve a competitive, functional market that supports them. It is a failure for everyday Australians trying to buy or sell a home, people who already face enormous challenges in the property market and deserve far better than a system with no choice and no resilience. And make no mistake, this is a direct consequence of anti-competitive behaviour. The industry is watching, and the Australian public deserves better.” Mr Ahern
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For media enquiries: Sandra Falzon
Sandra.falzon@infotrack.com.au
0431 703 969
