Last week Bankwest and Commonwealth Bank completed the first ever four-party property transfer in Western Australia using the Property Exchange Australia (PEXA) platform, working closely with Shane Jacob Settlements and Riverside Settlements.

“Bankwest is excited to be leading the industry momentum with CBA to digitise settlement processes for an improved customer experience. The benefits of transacting via PEXA will be a significant win for everyone involved in the Western Australian property industry, and we look forward to working closely with the settlement agent community to continue to support the growing ramp-up of PEXA,” said Bankwest PEXA lead David Morrissey.