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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
by 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 agoThat'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...