Anti-money laundering reforms welcomed by industry but 60% concerned by complexity and cost

Environmental risk factors in Gippsland have impacted homebuyers&#8217; ability to secure insurance, finance and resulted in a high proportion of cash purchases.

The relationship between cash purchases and environmental perils: A Gippsland case study

&#8220;Beyond housing targets: A local lens on Australia&#8217;s housing crisis&#8221;, the latest report from .id (informed decisions), emphasises the role of nuanced, locally-informed decision making in meeting Australia&#8217;s ambitious housing targets.

National housing policy not a one size fits all solution for every local community

Homes for Homes provides stable and affordable housing solutions that empower formerly incarcerated individuals to successfully reintegrate into society, reunite with their families, reduce reoffending rates, and break the cycle of homelessness.

Housing solution helps break the cycle of homelessness for ex-prisoners

Our comprehensive family-friendly benefits empower new parents like Jack Maher to strike a harmonious balance between work and family responsibilities.

Navigating new parenthood with PEXA’s family friendly benefits

Our 2024 Customer Experience Week, themed “Every hand shapes the experience”, gives our employees a chance to reflect on their unique role in providing an excellent customer experience.

Celebrating a customer-first approach: Customer Experience Week 2024

Each year, PEXA’s graduate program welcomes a diverse cohort of talent who bring fresh perspectives and creative thinking to our innovative tech teams.

Be part of PEXA’s 2025 Grad Program

Northern Inland Credit Union have used Land Insight’s environmental risk insights to help them mitigate their risk and assist with their responsible lending disclosure obligations.

Case Study: Land Insight climate risk solutions supporting Northern Inland Credit Union

Bank Orange engaged forecast.id to understand the current and future size of the market opportunity within Orange, how well they were capturing this opportunity and where else they could look to grow.

Case Study: How .id’s (Informed Decisions) forecasting team shaped Bank Orange’s FY25 Strategic planning

PEXA was proud to sponsor the Housing All Australians national breakfast tour, which saw 900 industry colleagues in attendance across Melbourne, Sydney and Brisbane.

PEXA supports Housing All Australians “Homelessness is a housing problem” breakfast tour

Four PEXArians revamped our induction experience for new starters, after their idea won the ‘CEO’s Choice Award’ at our 2023 Hack Day.

‘Hacking’ the PEXA induction experience

Since June, PEXA community partner Homes for Homes has donated a total of $300,000 to social and community housing projects in their mission to end homelessness in Australia.

PEXA partner Homes for Homes grants $300,000 to ending homelessness

PEXA Group&#8217;s boardroom event for 2024 Privacy Awareness Week provided the opportunity to discuss emerging privacy trends, evolving community expectations around data use and the importance of protecting personal information.

Industry leaders unite for PEXA Group’s Privacy Awareness Week celebrations

In celebration of National Volunteering Week, we asked PEXA staff to share their experiences with volunteering to show that even a small contribution can make a big difference in the lives of those in need.

Volunteering at PEXA

The Government&#8217;s recently passed Digital ID Bill promises to revolutionise the way we share identification documents online, reducing the risk of identity theft for everyday Australians.

Building Trust in the Digital Age

Barb went from experiencing housing insecurity to finding long-term stable housing thanks to a Homes for Homes grant, and now she has a world of opportunity at her feet.

Homes for Homes: Barb’s story

Over the month of March, we’ve shone a spotlight on some of the incredible women in our technology teams, to find out how diverse tech teams contribute to greater innovation.

PEXA’s Women in Tech

PEXA’s Chief Technology Officer, Eglantine Etiemble, was invited to share her insight on PEXA’s technology innovation story in Australia, discussing opportunities for international growth, as part of the AWS ‘Sprint to Success’ video series featuring leading technology entrepreneurs.

PEXA’s ‘Sprint to Success’ – Talking Technology Innovation with AWS

This International Women’s Day, we’ve handed the mic over to our wonderful Women in Tech to share their insights on why female representation in the tech sector is so important.

International Women’s Day at PEXA

More than one quarter of all residential properties purchased across Australia’s three largest states were funded entirely with cash in 2023, according to a new report released by PEXA.

Cash Purchases Report 2023 | More than 1 in 4 properties in Australia purchased with cash

PEXA’s ‘Wellness Days’ give our employees an opportunity to hit the reset button, with a paid day off once a month to recharge. Watch as Tim shares why he loves this PEXA perk and how it’s helping him to foster greater work/life balance.

Wellness Day Diary: Tim goes bouldering

PEXA’s latest Mortgage Insights Report found that refinances increased in 2023, as homeowners tightened their purse strings and shopped for a better deal on their mortgages.

Mortgage Insights Report | Aussies borrowed less and refinanced more in 2023

PEXA partner, Homes for Homes, has helped more than 350 people like Mya to find secure housing.

Homes for Homes: Mya's story

National property sale settlements experienced an uplift towards the end of 2023 as the number of Australians buying and selling properties surged in the December quarter.

Dec settlement uplift suggests positive outlook

Making small changes to your online habits can help protect you and your business from cyber threats. Here&#8217;s why improved cyber hygiene should be at the top of your 2024 to-do list.

It's time to improve your cyber hygiene

Five relatively simple, low-cost measures could make an immediate and substantial difference to the nation&#8217;s escalating housing affordability crisis, leading Australian property technology company, PEXA, has argued in its Federal Budget submission to Government this week.

Federal Budget a chance to strengthen response to housing crisis

Watch Group Chief Technology Officer, Eglantine Etiemble share her personal reflections on how PEXA digitally transformed the conveyancing industry in Australia and went from local startup to world-leading e-conveyancing platform.

Building globally competitive companies: TCA National Tech Summit

Melbourne, Australia: Australians wanting to buy a home now have to work at least two years longer to save for the deposit than they did in 2020, with soaring house prices, rising interest rates and tighter lending criteria imposed by banks putting housing even further out of reach.

Homebuyers need to save at least two years longer to raise a deposit

Soaring temperatures, natural disasters and rising sea levels are expected to have significant impacts on the property sector, increasing the risk of damage and destruction to homes, communities and businesses in Australia’s vulnerable regions.

Climate Change – Managing the Risks in Banking & Financial Services

The Reserve Bank of Australia’s (RBA) Board held the cash rate steady at 4.10% for a fourth consecutive month today, increasing hopes that this may be the peak in the current rate-rising cycle. New data released by PEXA today confirms that loan refinancing activity remains close to record highs this month, as more mortgage-holders proactively adjust to the ‘new normal’ of higher interest rates and avoid falling over the ‘mortgage cliff’.

Property and mortgage markets surge ahead as interest rates stabilise

Australia will be home to a game-changing digital Affordable Housing Register (AHR) designed to help tackle the nation’s housing crisis by unlocking private capital to fund affordable housing projects, nationwide.

Affordable Housing Register to help solve nation’s housing crisis

The Reserve Bank of Australia’s (RBA) Board agreed to hold the cash rate steady at 4.10% for a third consecutive month today, increasing hopes that this may be the peak in the current rate-rising cycle, while new data from PEXA shows loan refinances hit record highs this month &#8211; but still no sign of a ‘mortgage cliff’.

Mortgage holders adjusting to ‘new normal’ of higher interest rates

Everyone needs a home, a roof over their heads. Homes can be refuges from the world, loving places to raise families and the first step on the road to self-reliance and security. Yet it is becoming increasingly difficult to meet this most basic of needs for many Australians.

Time for new solutions to address Australia's housing crisis

The number of Australians taking out new mortgages fell across the country in FY23, with new loan activity returning to pre-pandemic levels, compared with the previous two years.

Mortgage Insights Report | New lending slows to pre-pandemic levels

Amidst a backdrop of continued high interest rates, property settlement volumes were down in the financial year ending June 2023, compared to the record-highs of FY22, but green shoots appearing in the second half of the financial year show positive signs of recovery – according to new research released by PEXA today.

A strong finish to FY23 suggests a market recovery

Amidst a backdrop of high interest rates, over one quarter of residential property transactions across Australia’s eastern states were funded without a mortgage attached in 2022.

Cash property purchases surge on the back of strong regional demand

PEXA today welcomed the Victorian Government’s changes to stamp duty and land tax for commercial properties, to be phased in from 1 July 2024, but said imposing new taxes on residential property owners over the next decade will only worsen Victoria’s housing supply and affordability crisis for rental property investors, and Victorian renters.

PEXA warns VIC land tax could worsen housing shortages

Data, risk and security leaders from some of the nation’s largest organisations gathered in Melbourne as part of Privacy Awareness Week – facilitated annually by the Office of the Australian Information Commissioner (OAIC).

Industry leaders unite for Privacy Awareness Week

For the second consecutive quarter, the rate at which properties across Australia settled on time remained steady, according to the latest On-Time Settlement Report published by property exchange platform, PEXA.

A solid Q1 for property settlements nationally

This year’s Federal Budget recognises that housing is a key component of the current cost-of-living pressures facing Australian households. The Federal Budget seeks to address these housing cost pressures with a range of small but carefully targeted supports.

Federal Budget 2023-24: Implications for Australia’s Housing Sector

In February 2023, Queensland joined Victoria, New South Wales, Western Australia and South Australia as the latest state to fully embrace digital property settlements. In February 2023, Queensland joined Victoria, New South Wales, Western Australia and South Australia as the latest state to fully embrace digital property settlements.

A new digital era in Queensland

PEXA today welcomed the Federal Budget housing policy measures to stimulate housing supply and tackle the ongoing rental housing crisis but noted more needed to be done to address the nation’s long-term housing shortage.

PEXA welcomes budget measures to boost housing supply and affordability but warns bold action is needed to address Australia’s severe housing crisis

Refinance volumes, fuelled by rising interest rates and cost of living pressure, eclipsed new loans for the first time on record in New South Wales, Victoria, Queensland and Western Australia, according to the latest research from PEXA.

More refinances than new loans in Q1  | Mortgage Insights report March 2023 quarter

Today the Reserve Bank of Australia (RBA) increased the cash rate by 25 bp to 3.85%, after pausing in April. This continues the cycle of rapid increases witnessed over the past 12 months.

Property market bouncing back, as cash rate moves higher

With buyers wary of continued interest rate rises, and sellers holding off on listing their properties in a softer market, settlement volumes were down in the first quarter of 2023, according to the latest analysis from PEXA.

Property Insights report March 2023 quarter

Not only have property prices been rising sharply for decades, but notably, low-income households are disproportionately renting rather than owning property, as well as paying a higher proportion of their income on rent.

Vacancy rates illustrate harshness of rental crisis

With rising interest rates, a trend which is set to continue, more Australian homeowners are battling significantly increasing pressure on their home loan repayments, leaving them at greater risk of financial strain, according to new research released today by PEXA.

PEXA Emerging Mortgage Risk report: Mortgage risk set to spike in 2023

For the first time in decades, banks find themselves facing a downturn fuelled by rising inflation, high interest rates, a looming mortgage ‘cliff’ and a customer base under increasing cost of living pressures.

Inflection point looms as refinance squeeze tightens

Today the Reserve Bank of Australia (RBA) decided to hold the cash steady at 3.6%. This is likely to be only a pause and not the peak in the current cycle of increases that have taken the cash rate from 0.1% last April to 3.6% today.

Property refinancing activity remains elevated as rates near the peak

Demand for residential property has remained strong over many decades. But what’s driving this resilience in today’s climate?

Australia’s resilient housing demand reflects strong adult population growth

The mortgage market mania that took place after the Government’s &#8216;Mini-Budget&#8217; has thankfully begun to settle. But that doesn’t mean we shouldn’t learn from the challenges the industry faced, especially as interest rates continue to rise.

What will further rises in interest rates mean for the UK remortgage industry?

Truganina, Hoppers Crossing and Tarneit make up postcode 3029, located in the west of Melbourne, approximately 20 kilometres from the CBD. According to PEXA’s research, the area witnessed a certified property boom in 2022, recording the most settlements (more than 6,000 sale settlements) and new loans of any locale in the country. The trend has continued throughout FY23.

The story behind Australia’s fastest growing suburb

<a href="/about/team/">Eglantine Etiemble</a>, Chief Technology Officer, PEXA, shared her insights into why organisational diversity is necessary to challenge the status quo and consider new perspectives.

Innovation isn’t born in an echo chamber

The percentage of property sales that successfully “Settled First Date” (SFD) has held firm nationally during Q4 2022, according to the latest On-Time Settlement Report published by PEXA today.

Settlement timeframes remain steady for Australian consumers

With summer gone and football season about to commence, the research team at PEXA look back on what was a quieter February in property. All states witnessed declines in sales settlement volumes from January, as interest rates continued to increase.

Modest month around the grounds in property

When Poonam Sokhi migrated from India to Australia in 2019, she didn’t anticipate the challenges she would face. Following a successful career as an Agricultural Engineer with more than 10 years of experience Poonam found that having no local experience, cultural and language barriers as well as the cost of childcare inhibited her from finding employment in Australia.

Bridging barriers for women in the workplace

Today the Reserve Bank of Australia (RBA) announced its tenth consecutive increase of 25 basis points (bp) to the cash rate, taking it from 0.1% last April to 3.6% today. This is the fastest sequence of rate rises on record in Australia.

Property sales and refinancing showing the impact of rapid rate rises

The most astonishing aspect of Australia’s housing market growth is its sheer uninterrupted longevity. While the market is currently experiencing a period of softness, the last time that Australian houses fell in value over a period greater than a year was before Federation.

Solving the housing crisis in the future means looking to the past

Australia’s housing market has long faced a range of underlying issues that have made it among the most expensive and unaffordable in the world. Since 2020, these factors have been exacerbated and complicated by the COVID-19 pandemic, closed borders and localised natural disasters.

Adequate and affordable housing must be a national policy priority

Australians refinanced at record levels in 2022 with more than 378,000 refinances recorded in New South Wales, Victoria, Queensland and Western Australia, up 11.4% on the prior record year, driven by the fastest and steepest increase in the official cash rate on record.

Refinances surge | homeowners feel pinch of rising rates

Today the Reserve Bank of Australia (RBA) announced its ninth consecutive increase to the cash rate, raising the cash rate by a further 25 basis points (bp) and taking it from 0.1% last April to 3.35%.

Refinancing could hit record highs in 2023 following further rate rises

Western Australia’s resilient property market is set to enjoy a prosperous 12 months, according to Real Estate Institute of Western Australia (REIWA) CEO, Cath Hart.

REIWA CEO predicts strong year for property in WA

As we approach 26 January 2023 – a day that has traditionally been an opportunity for Australians to show national pride, it is important we acknowledge it is also a day that divides our country, and a day that causes great pain for our First Nations people.

Reflect and reconsider this Australia Day

Amazon Web Services (AWS) has today announced the launch of its second AWS infrastructure Region in Australia—the AWS Asia Pacific (Melbourne) Region, providing developers, start-ups, entrepreneurs, and enterprises, as well as government, education, and non-profit organizations with heightened capability for running their applications and serving end users from data centres located in Australia.

New AWS cloud region adds security to property market

On the back of recent population growth exceeding government forecasts, South East Queensland is slated to add 1.16 million new residents by 2041, according to analysis from independent population forecasters, .id (informed decisions).

South East Queensland set to be a population growth hotspot

On the back of a strong November, sales settlements grew in all but one capital city in December as 2022 was signed off on a high, according to the latest data from PEXA.

Market gains across the country to close out big year in property

Until recent years, Diversity and Inclusion was the focus of organisations. Today, you can’t think of D&amp;I without considering E – Equity. Collectively, DEI recognises the value of having different voices come together, where these differences are supported and encouraged, and people have what they need to succeed.

The value of DEI for businesses

After a relatively soft October, sales settlements recovered strongly across all major Australian states in November to close the spring property season on a high, according to the latest data from PEXA.

Property markets across all states bounce back in November

New research from PEXA and Urbis has detailed how the demand for property in Australia’s three largest capital city markets has evolved as a result of the pandemic. A clear trend of consumers migrating to outer suburbia at the onset of COVID-19 was identified, with this having since recently reversed, as hybrid working has been introduced more widely and more Australian workers are heading back into the office.

Outer suburb housing demand slows as post COVID-19

2022 was a year of challenge for the whole industry. With the cost of living crisis going nowhere soon, 2023 is shaping up to be more of the same. But it also has the potential to be a year of progress towards a better and more resilient conveyancing and mortgage market. Central to this needs to be embracing technological innovation.

2022: A year of volatility and progress in the UK

Considering the demands for digitisation, automation, efficiency, productivity and data, APIs need to be a part of the roadmap for every organisation wanting to exist in the digital world. Chances are most of us have interacted with an application using API without even knowing it. Apps like Uber, ApplePay, PayPal, Alexa, eBay – all use some form of API as an interface with the consumer.

APIs – the future of legal tech

In August 2022, PEXA announced its acquisition of .id, a strategic investment undertaken as part of the PEXA Insights growth strategy. We invited .id CEO, Lailani Burra to tell us a little bit about herself, .id and the synergies she sees between PEXA and .id.

Get to know Lailani Burra, CEO, .id

We&#8217;ve seen a number of high-profile cyber attacks in recent times, on companies such as Optus, Medibank, Woolworths and Vinomofo. And what we’ve learned in the aftermath of these events is that not all data breaches are the same, and not all companies treat them in the same way

Australia’s rising number of cyber attacks

Buying and selling property is one of the most significant ventures a person will ever undertake – both emotionally and financially. As with any important decision, it’s important to conduct your research and set clear goals. But what does it all look like from the agent’s perspective? And what factors do they consider?

Inside the mind of a real estate agent – and their advice for buyers and sellers

The Reserve Bank of Australia (RBA) announced its eighth consecutive increase to the cash rate, with PEXA’s <a href="https://www.pexa.com.au/insights/refinance-index">Refinance Index</a> consequently showing extremely elevated levels of mortgage refinancing activity.

RBA's eighth straight rate rise driving record refinance volumes

COVID-19 has shaken up the world immeasurably. The pandemic has been the catalyst for a perfect innovative storm across various industries, driving many to more deeply embrace technology. But what does this mean for industry and consumers?

Is technology in the legal sector here to stay?

We couldn’t be prouder &#8211; new grant funding rounds announced to support social and affordable housing! Homes for Homes has granted $160,000 to support four social and affordable housing projects across New South Wales and Western Australia – with funds being distributed in these two states for the first time.

New grant funding rounds announced to support social and affordable housing

Consumers and property professionals alike are set to benefit from greater access to local market trends, with PEXA launching its new Postcode Insights tool today, for dwellings in Victoria, New South Wales and Queensland.

Postcode insights unlocked by new tool from PEXA

Almost two-thirds of Australians (64%) lack confidence in the ability of large organisations to keep their personal data safe, while 83% are concerned about the security of information held by their service providers, according to new research from strategic insights consultancy Nature.

Data breaches impacting Australian consumer sentiment, research finds

Australians lost over $128 million to business email compromise crimes in 2020. Yet how many emails will you send today?

Communicating safely with your clients

Australian lenders and practitioners both delivered higher Settled First Date (SFD) rates quarter-on-quarter, supporting the exchange experience of consumers nationwide.

National settlement certainty uplift benefits home buyers

Information Security Officers and Risk Officers from leading financial institutions and government bodies met in Melbourne yesterday, discussing the current risk and cyber climate, in light of the recent surge in high-profile data breaches.

Risk leaders unite in response to recent cyber and operational threats

Monthly Mortgage Insights NSW &#8211; November 2022

Monthly Mortgage Insights NSW - November 2022

Monthly Mortgage Insights QLD &#8211; November 2022

Monthly Mortgage Insights QLD - November 2022

Monthly Settlement Insights NSW &#8211; November 2022

Monthly Settlement Insights NSW - November 2022

Monthly Mortgage Insights VIC &#8211; November 2022

Monthly Mortgage Insights VIC - November 2022

Monthly Settlement Insights WA &#8211; November 2022

Monthly Settlement Insights WA - November 2022

Monthly Settlement Insights QLD &#8211; November 2022

Monthly Settlement Insights QLD - November 2022

Monthly Mortgage Insights WA &#8211; November 2022

Monthly Mortgage Insights WA - November 2022

As interest rates continue to rise, property refinance volumes continue to grow and new loans are declining.

Mortgage Insights September 2022 Quarter

This week’s Federal Budget is the fourth annual Budget in just two years, but the first for the Albanese Government. The economic context is tricky for fiscal policy, with a deteriorating global and local outlook compounding concerns about living costs, housing, social services and skills.

PEXA response to Fed Budget, 26 Oct 2022

A record 102,669 property refinances were completed across Queensland, New South Wales, Victoria and Western Australia during the September 2022 quarter, up 9% on the previous quarter, according to the latest analysis released today by PEXA.

Rising interest rates driving record refinance activity

All states registered drops in residential settlements in the Sep-22 qtr.
Continued interest rate rises and high inflation weighed on buyers, who were cautious not to overextend themselves, resulting in fewer transactions.

Property Insights September Quarter 2022

After riding a wave of strong momentum for more than two years, Australia’s property market has seen a decline in sales settlements quarter-on-quarter, with New South Wales experiencing the largest declines in both property sales volume and aggregate value, according to the latest report from PEXA.

Australia’s record property market run comes to an end

PEXA has adopted a new Settled First Date (SFD) metric to measure the performance of lenders and practitioners involved in settling property sales on their scheduled day.

PEXA helping people into their property on time

VIC Monthly Mortgage Insights Report for October 22.

VIC Mortgage Insights  - October 2022

Monthly Settlement Insights WA &#8211; October 2022

Monthly Settlement Insights WA - October 2022

Monthly Settlement Insights QLD &#8211; October 2022

Monthly Settlement Insights QLD - October 2022

Monthly Settlement Insights NSW &#8211; October 2022

Monthly Settlement Insights NSW - October 2022

Today the Reserve Bank of Australia (RBA) announced its sixth consecutive month of rate rises. It raised the cash rate by a further 25 basis points (bp), taking it from 0.1% in April to 2.60%. This large and rapid series of rises is being passed on in full to household mortgage holders on variable terms.

PEXA Unlocked Blog

Housing affordability dampening liveability outlook for young South-East Queenslanders

Anti-money laundering reforms welcomed by industry but 60% concerned by complexity and cost

The relationship between cash purchases and environmental perils: A Gippsland case study

National housing policy not a one size fits all solution for every local community

Housing solution helps break the cycle of homelessness for ex-prisoners

Navigating new parenthood with PEXA’s family friendly benefits

Cash Purchases Report 2024: Cash splash for regional properties

Property Insights Report | Premium market showing signs of recovery

Mortgage Insights Report | Refinances continue to surge

$37bn of new land released – but demand continues to outstrip supply

Anti-money laundering reforms welcomed by industry but 60% concerned by complexity and cost

The relationship between cash purchases and environmental perils: A Gippsland case study

National housing policy not a one size fits all solution for every local community

Housing solution helps break the cycle of homelessness for ex-prisoners

More

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