Search Results for: PEXA
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Real Estate 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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Real Estate 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
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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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
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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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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Real Estate News
Home Loan Refinancing Now Fully Digital in Vic and NSW
If you, or your clients, are looking at refinancing in either of these two states, the applications must now be lodged online with the land registries. WA also has a mandatory deadline for refinancing which kicks in from December. According to PEXA, the platform which makes electronic land transfers possible, the deadline will enforce the capability to provide consumers with…
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Elite Agent
Lawlab set to Rundl the World
Notwithstanding that Lawlab are the inventors and innovators of the Rundl collaboration platform, they also happen to be a team of experienced property lawyers and legal professionals who are among the most recommended conveyancers in Australia. The transition from local lawyers to a national conveyancing powerhouse began as an attack strategy against disruption. “What we saw, through things like fax…
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Elite Agent
Bitcoin and Blockchain in real estate – is this the future?
It’s not just real estate, but many industries over the next few years will feel both gain and upheaval due to innovations in technology. In particular, banks and the real estate sector currently have their eyes on crypto-currency (Bitcoin and The Blockchain) and the potential it has to change traditional business models. A significant example happened last week, with ANZ…
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Elite Agent
Steve Carroll: Robots, Driverless Cars and the Need for Speed
Ladies and gentlemen, in the future, when you get home from work, who would you rather have cook your dinner… your partner, or a robot programmed by Jamie Oliver? This was one of the opening questions from Steve Carroll in his keynote at this year’s Momentum events across Australia. Elite Agent’s Samantha McLean took notes and has unpacked some of…
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Real Estate News
REA Group moves into new Sydney home
REA Group has moved its Sydney headquarters into a new 950 sqm ‘home-styled’ office, mirroring what the company does best in connecting people and homes. Designed by leading interior and architectural design firm Futurespace, the new REA Group Sydney office is sectioned into the same kind of rooms you would find in a home. Managing Director of Futurespace, Angela Ferguson…
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Real Estate News
WA heads towards deadline for mandated online property settlements
The WA land registry, Landgate, has announced a timeline for taking property transactions online, with a view to 100 per cent of transactions going digital. Deadlines for implementation of online transaction requirements apply to WA settlement agents in August, October and December 2017 for phasing in mandatory electronic settlements. Property Exchange Australia – PEXA – is the system that has…
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Elite Agent
How digital transformation can grow your agency
Integral to growth and building a scalable agency, digital technologies are at the heart of any future business strategy. But, as the owner of a real estate agency, how can you take advantage of these technologies and what are the benefits of digital transformation for your agency? Digital transformation has turned human life on its head in the last 20…
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Elite Agent
Time, Trust and Transparency
NIGEL DALTON IS PART thought leader, historian, geek, and agile promoter. Heading up the REA Labs in his new role as Chief Inventor he is at the forefront of technological change in the real estate industry. Samantha McLean sat down with Nigel to talk about the chemicals that bubble away in the lab and how they may be indicators of…
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Real Estate 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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