Jul 3rd, 2015
What is PEXA?
- PEXA is an online property exchange that allows property lawyers and conveyancers to electronically lodge Land Registry documents, and complete Settlement. Financial Settlement is a secure process involving the transfer of funds from source accounts via the Reserve Bank of Australia to destination accounts. This will allow funds to be cleared promptly and eliminates the need for bank cheques.
- PEXA is an opportunity to perform property transactions in a prompt, safe and more efficient way. PEXA provides fast access to cleared funds, greater certainty of successful settlement and removes the need to physically attend settlement.