Galilee solicitors on why it's important to be at the forefront of e-conveyancing
Australia’s online property exchange, PEXA, is delighted to welcome the first New South Wales property lawyers and conveyancers to the platform.
The first transaction by a law firm in New South Wales was performed by Galilee Solicitors who successfully lodged a caveat through PEXA today.
“We’ve been operational with caveat functionality in Victoria since June this year so it’s great to be able to extend this offering to the New South Wales market,” Property Exchange Australia Limited CEO Marcus Price said. “We’re very pleased to welcome Galilee Solicitors to PEXA and we congratulate them on being the first New South Wales transactor.”
For Galilee Solicitors, PEXA marks the beginning of a new era in the way property transactions will be managed:
“We are excited to be at the forefront of e-conveyancing and to have taken part in the first full functionality transaction to be lodged through PEXA. This is a significant and transformative development for our industry,” Galilee Managing Partner Ralph Galilee said.
As well as caveats, for the very first time property lawyers and conveyancers can now complete property transfers, including lodgement and financial settlement online through the PEXA system.
Select property lawyers and conveyancers in metropolitan Sydney and Wollongong are the first to gain access to PEXA’s new functionality followed by a similar sample in metropolitan Melbourne, Geelong and Bendigo in December. The broader New South Wales and Victorian market will be invited to begin transacting on PEXA from February 2015 followed by the remaining states.
“We look forward to undertaking our first electronic property transfer through PEXA. We are delighted to be able to provide our clients, nationally, with the benefits of increased efficiency and simplicity offered through financial settlements and electronic registrations facilitated by the PEXA system,” Mr. Galilee said.
The Galilee team upon lodgement of the first electronic caveat in New South Wales (from left to right):
Mirella Paltoo, Yvonne Noone, Belinda Le Fevre (PEXA) and Niki Belogiannis.