Buying and selling property is set to become simpler, quicker and more transparent thanks to the roll-out of Australia’s first national e-conveyancing platform, PEXA. PEXA is owned and operated by Property Exchange Australia and is a national property exchange open to all States and Territories, banks, non-banking financial institutions and property lawyers and conveyancers. The …
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 …
Bankwest lead with PEXA four-party transfer in WA Read More »
A new age of conveyancing is beginning with the introduction of PEXA (Property Exchange Australia) in Western Australia. We are proud to say that together with Shane Jacob Settlements, Bankwest (discharge of mortgage) and Commonwealth Bank (new mortgage) we are the first in WA to successfully complete an electronic four party settlement.
The settlement industry is on the verge of change, with the introduction of Electronic Conveyancing. Riverside Settlements are proud to be a member of PEXA, (pRopeRty Exchange auSTRALIA), and look forward to being able to offer this feature to our clients. What does this mean to you, our clients? For Vendors, funds after settlement will generally …
FIRST HOME OWNER GRANT In the 2015-16 Budget delivered on 14 May 2015, the Western Australian Government announced that the first home owner grant of up to $3,000 will be removed for the purchase of established homes in Western Australia. The first home owner grant of $10,000 for new homes will remain unchanged. The announced …
RBA Leaves Official Cash Rate Unchanged At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Statement by Glenn Stevens, Governor Monetary Policy RBA Since the previous Board meeting, concerns about the creditworthiness of a number of European governments have again become the main focus of financial markets, …
On 25 November 2010, legislation was passed by the Western Australian State Parliament to transfer responsibility for regulation of the settlement industry from the Settlement Agents Supervisory Board to the Department of Commerce and the Commissioner for Consumer Protection. As of the 1 July the authority for the operation of the Act was devolved from …
When you purchase a property, your contract will need to be assessed for Duty to be paid. This is classed by the Office of State Revenue as a Dutiable Transaction. If the Contract is conditional, then duty will generally be paid one month after the contract becomes unconditional. However, if there are no conditions on …
When you’re finally able to make your dream home a reality it may come as a rude shock to discover it’s not quite the fairytale it’s cracked up to be. With your dream pad comes legal costs and responsibilities that you’d rather push to the back of your mind. “Conveyancing” is a pretty scary word …
TOTAL property sales in Australia to July 2010 amounted to $213 billion, with more than $1 billion in home sales coming from Perth?s top five suburbs, new figures show. As a comparison, just five years ago the total value of sales across the country equated to more than $165.5 billion – an increase of 30 …
Riverside Settlements is proud to offer a wide range of settlement services through out Western Australia.
To find out how you can save hundreds on your settlement fees, contact Riverside Settlements for a no obligation FREE quote.
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