PEXA on the move: five ways to make home buying and selling work better
Summary
The article argues that home buying and selling reform should focus on the full transaction journey, not just the mortgage or deposit stage. It highlights the potential of smarter data sharing, more connected completion processes and reduced duplication to make transactions faster and more certain for buyers, lenders and conveyancers.
Why it matters
Residential property surveyors are affected by transaction delays, fall-throughs and fragmented information flows that can complicate instructions and completion. The themes of digital reform, data reuse and end-to-end process improvement may influence how property information is gathered, shared and relied upon in future transactions.
Key points
- PEXA says reform should cover the whole homebuying journey, including completion and title registration.
- The article cites research showing delays and conveyancing processes can significantly affect first-time buyers.
- Smart data and reusable verified information are presented as ways to reduce repeated requests and duplication.
- The government’s home buying and selling reform roadmap is referenced as a whole-system approach, but digital completion is not explicit.
- Streamlining AML checks and improving interoperability are identified as practical priorities.
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