PEXA launches digital conveyancing in Tasmania

Melbourne, Australia: PEXA Group, a world-leading ASX-listed digital property exchange platform and property insights solutions business, has today launched the PEXA Exchange refinance service in Tasmania, enabling banks to better manage the re-financing process on behalf of Tasmanian property owners.

Working with the Tasmanian Government and Tasmanian Land Titles Office, PEXA facilitated the first re-finance service with select banks and panels transacting through the Exchange.

CEO of PEXA Australia, Les Vance, said roughly 160 financial institutions utilise the PEXA Exchange, the licensed operator of Australia’s largest Electronic Lodgement Network, to safely and securely settle home-owners and sellers property across the country.

“We are excited to work with the Tasmanian Government to deliver PEXA’s efficient and secure Exchange platform to Tasmanians, including roughly 180 legal and conveyancing firms across the State, who facilitate the settlement of property for home buyers and sellers.

“At PEXA, we are committed to maintaining a consistent pricing structure. This deliberate choice supports our goal of fostering inclusivity and equal pricing for each type of transaction across the country for all sizes of customer.  

“The cost of transactions on the PEXA Exchange is therefore the same for every customer whether they are a large company in Melbourne or a small firm in Launceston

“This is the first step in our efforts to bring the full Exchange capability to Tasmania, enabling a more efficient and effective property settlement process while helping the transition away from paper-based processes, like the cheques system,” said Mr Vance.

PEXA Exchange is working to enable full digital sales and purchase transaction functionality from February 2025.

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For more information, please contact:

Kate Prigg – Corporate Affairs Manager, PEXA
E: kate.prigg@pexa.com.au
M: 0497 595 580