PEXA stands for Property Exchange Australia.
In 2008 electronic or e-conveyancing was added to the Council of Australian Governments agenda, and in 2010 PEXA was formed to provide a national e-conveyancing platform for the property industry in Australia.
This led to electronic conveyancing becoming legal in Victoria in 2013 with Land Victoria and the Commonwealth Bank of Australia completing the first property transaction on the PEXA network in the same year.
Now, 97% of all property transactions are completed electronically in Victoria through collaboration between Land Use Victoria, the Victorian Land Registry Services, and PEXA.
As at the start of 2023, more than 8 million transaction have been completed and over 1.5 trillion dollars has passed securely through the PEXA platform.
Title Transfer Conveyancing uses PEXA for all of its electronic conveyancing transactions and maintains the highest e-security standards to make sure your property transaction is as safe and secure as possible.
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