PEXA
PEXA has brought the conveyancing process into the 21st century meaning the whole process is run digitally.
PEXA stands for Property Exchange Australia and is Australia’s online electronic lodgement network which delivers the conveyancing process safer, much faster and convenient. PEXA is a network where lawyers, conveyancers and financial institutions lodge documents with the Department of Natural Resources and complete settlements electronically.
The benefits for buyers and sellers in using the PEXA platform:
Simpler Process
With PEXA, buyers and sellers no longer need to obtain and sign a paper transfer document or bank cheques. PEXA eliminates the need for bank cheques, saving you time and money.
Greater certainty
PEXA verifies documents with land registries prior to lodgement, providing confidence in an on-time settlement.
Peace of mind
The PEXA Key enables secure communication of bank account details. Sale proceeds are transferred digitally as cleared funds. The registering of ownership after settlement happens instantly using the PEXA platform.
On-time property settlement
PEXA’s digital document checks give you greater certainty that your settlement will complete as scheduled.