IN BRIEF
Anyone who has discovered the highs and lows of dealing with
exchange and settlement in relation to real property knows how
delicate and unreliable the process can be. Enter e-conveyancing.
Wendy Conceicao, Associate and manager of our Conveyancing
portfolio, and Euge Power, solicitor, look at the reliability and
other benefits which may arrive when property settlements make the
leap into cyberspace.
New South Wales became only the second state in Australia on 8
October 2013 to provide some type of e-conveyancing option to the
public. Initially this option is only for single party transactions
such mortgages, discharges of mortgage and most refinances.
However, at the end of September 2014 multi-party transactions will
"go live" in NSW and transfers, settlements, caveats and
notices will all be available for financial institutions,
solicitors and conveyancers. NSW is not the only state to get the
electronic treatment. All states are signed up for
