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PEXA operates Australia’s leading digital property settlements platform – providing an efficient, reliable, and secure settlement experience for home buyers and sellers.
Born out of a 2008 Council of Australian Governments’ initiative to transition property lodgement and settlement away from an outdated paper-based process to a more efficient digital settlement process, today more than 80% of all property transactions in Australia are completed via PEXA.
PEXA’s platform is integrated with six Land Titles Offices, five State Revenue Offices and the Reserve Bank of Australia and facilitates property settlements on behalf of more than 160 financial institutions and 9,400 practitioner firms.
Having established a leading property lodgement and settlement platform, PEXA is now leveraging its experience, expertise and relationships with industry stakeholders and partners to pursue growth initiatives across three key focus areas:
- PEXA International seeks to replicate PEXA’s property lodgement and settlement platform in international markets where the shift to digital is nascent, starting with the UK;
- PEXA Insights seeks to appropriately leverage its near real time, accurate and comprehensive property data and other data sources to generate valuable data-driven insights for property market participants; and
- PX Ventures seeks to incubate and accelerate business ventures pursuing adjacent opportunities in the property market.
Headquartered in Melbourne, Australia, PEXA employs approximately 350 staff across offices in Victoria, New South Wales, Queensland, Western Australia and South Australia.
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