Search Results for: PEXA
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INDUSTRY NEWS
Competition watchdog to examine PEXA
The competition watchdog has confirmed it is looking into claims digital settlement company PEXA has stymied competition in the property settlements market.
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NEWS
Domain and PEXA announce strategic partnership
Property portal and technology company Domain has announced a partnership with digital property settlement solution PEXA. The strategic collaboration is set to bring together both companies’ proprietary data assets to unlock new unique insights and value across the property market. This collaboration is the beginning of a relationship between Domain and PEXA, two companies that operate across highly complementary segments…
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SUPPLIER NEWS
PEXA Plus hopes to streamline the workload for online property transactions
Property Exchange Australia (PEXA) has announced that PEXA Plus, a new gateway to online property transactions, is available now in three of the five states it operates in. PEXA Plus provides members with tools to manage their digital conveyancing workload, affording them more time to focus on customer service and growing their operations. Studies show that digital conveyancing allows for an average…
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SUPPLIER NEWS
Link Group to acquire econveyancing platform PEXA for $1.5 billion
Link Group and its partners, including Commonwealth Bank of Australia and Morgan Stanley Infrastructure, have announced their final bid for PEXA has been accepted. Link, which already owns 30 per cent of PEXA, initially made a bid earlier in the year which was knocked back due to PEXA’s plans to list on the Australian Stock Exchange. However, the company was…
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INDUSTRY NEWS
PEXA responds to reported hacking, says system is more secure than paper method
National e-conveyancing platform PEXA has responded to the hacking scandal which made headlines earlier this week, saying that their platform was not compromised and that the econveyancing method continues to be safer than paper transactions. As reported by Fairfax Media, Masterchef finalist Dani Venn and her family lost $250,000 from the proceeds of their home sale late last week when…
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INDUSTRY NEWS
Online property exchange platform PEXA sees dramatic rise in exchange transactions for May
Digital property transactions are experiencing exponential growth as Property Exchange Australia (PEXA) announced that last month over 100,000 transactions had been completed on the platform, a 25 per cent jump from the month prior. In April the company also announced that over one million transactions were settled digitally on the platform. Digital transactions have grown from strength to strength with…
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SUPPLIER NEWS
Possible $1bn IPO for PEXA would be one of the biggest in 2018
Electronic conveyancing business PEXA is moving towards a sale which may see four state governments pocket over $350 million. If the sale goes through it could stand to be one of the biggest initial public offerings in 2018. Late last year the business identified a 12-month window, starting in September 2017, to explore strategic options ahead of a potential 2018…
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NEWS
A New Home for PEXA by Futurespace
PEXA, the company that provides the future of real estate transactions is moving it’s 200 staff to a futuristic new office in Collins Square, Melbourne CBD. The new office has been designed by leading workspace design firm, Futurespace incorporating the futuristic focus that saw PEXA rank as the fifth fastest growing tech startup in the Deloitte 2016 Technology Fast 500.…
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Elite Agent
Paperless Property Transactions Made Possible with Pexa
Continuing from our round up of electronic signatures and the disruption of all things paper in real estate – we move to look at the “tomorrow” that is already here in other sectors of the property service industry. Sarah Bell provides a spotlight on how Digital Signatures and the PEXA Platform remove print-sign-scan-send from the conveyance of property. Lisa Dowie,…
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INDUSTRY NEWS
Population patterns, not tax breaks, responsible for housing crisis
Australia's unique population patterns and a shortage of available residential land near jobs and services has had a far greater impact on house prices than interest rates or government subsidies, new analysis shows.
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INDUSTRY NEWS
Borrowers look to refinance as rates rise
Refinancing could hit record highs this year following yesterday’s cash rate rise and with another widely predicted in March.
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INDUSTRY NEWS
Refinancing burst takes off as rates rise
More Australians are refinancing their home loans at greater rates and for larger amounts on the back of rising interest rates, new data shows.
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INDUSTRY NEWS
Commercial property settlements surged higher last financial year
The volume of commercial property settlements has surged by as much as 60 per cent across the east coast of Australia, according to new data.
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NEWS
East coast kicks off 2022 with $150B worth of property sales
Despite talk of a softening market, Australia’s love affair with real estate continues, with the latest data from PEXA revealing more the $150 billion worth of property on the east coast settled during the first quarter of 2022.
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INDUSTRY NEWS
Home Guarantee Scheme to put upward pressure on property prices
The recently expanded Home Guarantee Scheme announced in the latest Federal Budget could put further upward pressure on property prices according to experts.
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INDUSTRY NEWS
Three new board members appointed to RESO
With over 1250 agents registered and 48,000 buyers invited into the platform across Australia and New Zealand and located in Adelaide’s innovation district Lot Fourteen alongside the likes of Amazon and Google, RESO looks toward a strong year ahead
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INDUSTRY NEWS
Aussie’s Spent $688 billion on property in 2021
Australians spent a whopping $688 billion in a home buying spree in 2021, which was an astounding 57 per cent more than the year before.
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Elite Agent
30 minutes with Domain’s John Foong: real estate the Australian way
The Australian real estate market is perfectly poised to take the best trends and features of big corporate in the US and amplify them to help agents build their brand and success. That’s the view of Domain’s new chief revenue officer John Foong, who joined the platform in Australia after almost 15 years with Google and Uber. Speaking exclusively to…
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OPINION
A buyer’s agent’s top property predictions for 2022
With the economy taking a brutal beating this year, many Australians have been sitting cautiously watching and waiting to see what the impact will be on the property market before making any big moves.
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National
Domain set to acquire Insight Data Solutions
Domain has announced it has entered into a binding agreement to acquire Insight Data Solutions (IDS) by October this year, marking another step forward in executing its marketplace strategy.
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ACT
The ACT real estate industry can bring new properties to the market as restrictions ease
As of midnight, ACT agents can arrange a building inspection, EER reports and photography and videography.
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NEWS
REA Group appoints Chris Venter as Chief Technology Officer
REA Group has announced the appointment of Chris Venter to the role of Chief Technology Officer and a member of REA’s executive leadership team.
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Elite Agent
Proptech Association of Australia starts up dedicated awards for sector
The Proptech Association of Australia has just launched the first dedicated national awards for the nation’s property technology sector, with sponsorship from legal firm Ashurst.
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FEATURE INTERVIEWS
Bigger, better and bolder
It’s no secret that property managers are often used as a battering ram, caught in the middle of the landlord’s wants and the tenant’s needs. It’s no simple task managing the competing interests of varying parties, and the complex nature of the job often sees property managers leave the profession soon after entering it. MEN…
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NEWS
Property Exchange Australia recognises leaders in digital property settlement
The annual PropertyX Awards, presented by Property Exchange Australia (PEXA), have recognised some of the best digital property settlement players in Australia. Now in its second year, the event saw property developers, conveyancers, lawyers and lenders come together to celebrate businesses leading the digitisation of property settlements. Awards were given to businesses that have demonstrated leadership, innovation and customer-centricity in…
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NEWS
Nation’s capital dominates the REIA awards for 2019
The Real Estate Institute of Australia (REIA) announced the winners of the 14th National Awards for Excellence last night at a gala dinner held at Crown Perth on 21st March 2019. REIA President Adrian Kelly said the awards acknowledge and recognise the best of the best in Australian real estate. “More than 250 real estate professionals from across Australia converged…
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SUPPLIER NEWS
Smoothing the path to settlement through eConveyancing
From searching for the perfect property to bidding at auction and ultimately negotiating and settling, purchasing and selling their home is a stressful and complicated process for most buyers and sellers. And, despite a property’s booming sold sticker, the purchasing process often continues long after the auction hammer has slammed. Real estate agents are the public face of the property…
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Cyber Safety
Why cybercriminals target real estate offices, and how you can avoid it
Cybercrime now outweighs drug trafficking as the most lucrative form of crime, and the real estate industry is fast becoming a preferred target. It’s no surprise considering the amount of money and wealth of personal information behind real estate transactions, or the fact that the industry is worth around $16 billion in Australia alone. It really is a gold-mining opportunity…
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THE ELEVATE PODCAST
Episode 53: Nigel Dalton on ‘the Black Mirror’ in real estate, connected communities and the Internet of Things
In this podcast interview, Samantha McLean talks to REA Group Chief Inventor Nigel Dalton about social credit systems, how trust ratings impact your business, what to do with negative reviews and how being part of a high-performance team will help with resolving these problems.
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INDUSTRY NEWS
Everything you need to know about changes coming into place from July 1
Federal GST changes for property After July 1 2018 buyers of new residential houses, apartments and land blocks will be responsible for making sure the GST on their purchase is paid to the ATO as part of the settlement process. This GST will not be an additional cost to buyers, it’s already part of any contracted purchase, but prior to…
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INDUSTRY NEWS
Refinance time slashed in WA with new technology
The WA banking industry deadline for a new paperless refinancing era starts from 1 December 2017. It’s the compliance date marking when refinance transactions move online. Home owners looking to refinance, for example, in the event that interest rates rise, will now benefit from faster refinance times. The transactions are completed through Property Exchange Australia’s (PEXA’s) digital platform. Mike Cameron,…
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National
Titlexchange partners with Assembly Payments to improve cash flow for conveyancers
Gerard Healy, managing director of Titlexchange, says conveyancers often wait up to 90 days to get paid but Titlexchange’s service significantly reduces the payment tail and improves the business’ cashflow. The company create a bespoke solution with payments solutions provider Assembly Payments, which also powers Airtasker, hipages and Carsales. The feature is the latest addition to Titlexchange’s platform, which matches…
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SUPPLIER NEWS
New e-conveyancing platform Titlexchange tackling inefficiency
The platform digitally automates parts of the conveyancing transaction, and it facilitates completion of the rest of the process by matching property buyers and sellers with a local conveyancer. It also enables stakeholders to the transaction to check the progress of the transaction and communicate directly with their conveyancer. Partnerships with broker platforms including HashChing and eChoice means more than…
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Infotrack
Uber: Over it?
With the mandatory deadlines for complete electronic settlement on the horizon in 2019, there is a lot of distance to cover between the milestones of paper – less paper – and ultimately, paperless transactions. The time and profit created by going paperless is a compelling benefit to real estate agents and business owners, yet according to an industry survey (commissioned…
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Infotrack
From High Street to Cloud Street
While the feedback of disgust at the concept of using about 10 of these floppy disks for an end of month back-up was unfathomable, it did get me thinking about the time when the now archaic floppy disk was going to be the end of paper; a goal which has been achieved in many industries… but not in property. The…
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