In a major milestone for the electronic conveyancing market, the first property transactions have been settled using both of the competing electronic lodgment network operators, Property Exchange Australia (PEXA) and Sympli.
The federal government said it represented a significant step to create “much-needed competition in the e-conveyancing market”.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
