Key industry members met to discuss digital property progress in the state.
Representatives from Victoria’s property network came together for the first in a series of state industry symposiums.
Land Use Victoria, the State Revenue Office, the Australian Institute of Conveyancers, legal practitioners and the major banks were among the attendees in a timely checkpoint ahead of the state’s 1 October compliance date.
All combinations of transactions available in PEXA will need to be processed electronically following this milestone.
The session provided stakeholders an opportunity to share feedback, updates and collaborate as Victoria transitions towards a fully digitised property industry.
Peter Gajanovic, Director of Victorian Statewide Conveyancing was in attendance and said the day helped provide perspective on how all parties in the process are tracking.
“I found it from my point of view to be beneficial, there was a lot of information being shared and it gives you insights on everyone’s progress.”
With coordination between all Workspace parties key to a smooth settlement process, Peter said the opportunity to hear from the financial institutions provided transparency in an important period for the industry.
“Knowing where the banks are up to and what they’re doing – it lets you see the other side of the coin.”
“I must admit I walked out feeling more confident than when I walked in.”
Further symposiums will be held in the coming weeks as all members of the Victoria property industry work to advance e-Conveyancing.