The ACCC’s chair has criticised the process that allowed PEXA to be privatised and given a monopoly on e-conveyancing with no proper oversight.
The country’s major banks were sent a letter from Australia’s electronic property settlements giant PEXA in December,a move that proved decisive in delaying the launch of its rival Sympli.
Sympli’s milestone electronic conveyancing transaction on Tuesday will help break PEXA’s lucrative monopoly.
Just don’t call it a party. It’s definitely not a party.
The pandemic has officially killed off one of Australia’s favourite seasonal pastimes - buying or selling your home amid the sunshine and fresh garden blooms of spring.