Property Exchange Australia rolled out the full e-conveyancing platform for conveyancing or property transfer services in Victoria earlier this month.
The much anticipated digital online exchange system will bring greater efficiencies to the way property transfers are currently conducted bringing property buyers, sellers, conveyancers, banks and title registry offices together on a single unified system.
PEXA has had its development costs underwritten by four state governments, the four major banks, Macquarie and others, and will likely list on the stock exchange in 2016.
Property buyers and sellers can expect;
- Reduction in settlement times
- Potential cost savings
- Mortgages will become increasingly portable between banks
- Time savings for buyers and sellers
MyPlace Conveyancing has been developed specifically to integrate with this new system and provides complete online conveyancing and transaction progress reporting services to its clients, real estate agents and agent brokers across Victoria.