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And yet my conveyancer (WA) last year still tried to hock me some expensive additional title insurance. My line to her was “this sounds like it’s protecting me

And yet my conveyancer (WA) last year still tried to hock me some expensive additional title insurance. My line to her was “this sounds like it’s protecting me from you not doing your job”. I don’t recall the response but it was unconvincing.

chris_armstrong 2y ago
You’d think conveyancing would be cheaper here, but you’re still spending $2-3k on who knows what to transact property. At least the process is quick and final compared to the mess in other common law jurisdictions
- sjy 2y ago
  That's partly because the dominant platform for electronic conveyancing, PEXA, has a monopoly. Only licensed professionals who pay subscription fees can access PEXA. This removes competitive pressure on conveyancing fees because self-represented buyers must use a slower, riskier, non-standard paper process. https://www.afr.com/companies/financial-services/nsw-productivity-agency-says-pexa-s-dominance-must-end-20240630-p5jpu5 https://www.afr.com/companies/financial-services/nsw-product... https://www.productivity.nsw.gov.au/market-study-on-econveyancing https://www.productivity.nsw.gov.au/market-study-on-econveya...