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Rich Australians spent $138 billion buying property with cash
Analysis shows that cash purchases over the past financial year made up 28 per cent of a property market fuelled by wealthy downsizers, retirees and investors.
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67 articles for “PEXA”
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Conveyancers campaign for competition reform
Leading conveyancers whose firms are involved in billions of dollars of transactions are calling for progress in ELNO competition reform.
Competition reform in eConveyancing back on the table
ARNECC set to meet to discuss the future of interoperability reform following a review by the Queensland government.
PEXA chief executive Glenn King to retire
PEXA has announced chief executive Glenn King will retire by the end of the financial year as the company admitted having concerns about meeting targets in two major growth divisions.
Conveyancers feel squeezed by added compliance
Australia’s conveyancers are stretched to the limit by heavy workloads, time-consuming and ever-growing compliance burdens, according to AIC National President Michelle Hendry
Our practitioners deserve more reward for their effort
Conveyancers do arguably the most work and carry the most risk but get paid the least – even less than property stylists who get a multiple of what the conveyancer earns. Conveyancers in NSW need to be properly remunerated for the vital role they play in property negotiations, says industry leader Chris Tyler.
Tasmania’s property bump keeps conveyancers on their toes
Busy conveyancers on the Apple Isle have been handling a housing bonanza while handling added compliance and upskilling to deal with e-conveyancing.
Boom time in South Australia tests limits
SA’s conveyancers are stretched to capacity with predictions of not enough practitioners to carry the added load of extra housing needs.
Slowing market and added responsibility hits the Top End
A mixture of limited supply, higher build costs and greater compliance burden for the close knit NT conveyancing community has been compounded by a small influx of interstate carpetbaggers looking to get into the Top End market.
Staying connected and staying on top
The conveyancing industry is in a continued state of change these days, say AIC Victoria vice-president Linda Cameron. But there is at least one constant amidst the evolution … the highly experienced practitioner’s passion for passing on her knowledge.
ACCC holds off on eConveyancing intervention as reform work paused
Australia’s competition watchdog will not get directly involved in a stalemate that threatens to delay opening up the eConveyancing platform to competitors, as it’s not the relevant regulator.
Minister: Deadlines with penalties needed to keep interoperability on track
The Federal Assistant Minister for Competition wants states to impose deadlines and penalties to ensure the reform of the lucrative electronic conveyancing industry stays on track. The call comes after the interoperability regulator stopped its decade-long work on the change that would dismantle the monopoly help by th
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