Powered by MOMENTUM MEDIA
subscribe to our newsletter

PEXA recognised for innovative conveyancing

Property Exchange Australia (PEXA) has been recognised as one of Australia’s most innovative companies for its emerging electronic conveyancing network.

PEXA was recently named one of BRW’s 50 Most Innovative Companies and won two awards for Best Overall Innovation and Best Model Innovation.

Established in 2010 to fulfil an agenda item of the Council of Australian Governments to deliver a national e-conveyancing solution to the Australian property industry, PEXA’s online platform has been successfully implemented in New South Wales, Victoria, Queensland and Western Australia.

In addition to the four state governments, PEXA is also backed by the four major banks, Macquarie Capital, and property companies Little Group and Link Group.

PEXA chief executive Marcus Price said that while the $6 trillion property market represented Australia’s biggest asset class, it had been held back by an out-of-date transactional process.

Advertisement
Advertisement

PROMOTED CONTENT


“With four state governments, 30 financial institutions and a growing number of practitioners including national and state-based arms of the Institute of Conveyancers, law societies and land registries behind PEXA, we now expect most property transactions will be online by 2019,” he said.

PEXA recognised for innovative conveyancing
mortgagebusiness

Latest News

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability am...

Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Aust...

The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT.  ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.