Homes for Homes partners with e-Conveyancing platform PEXA
Melbourne, Australia—April 17th, 2018
Homes for Homes has taken the first step into the digital era of property transactions, partnering with e-Conveyancing platform, Property Exchange Australia (PEXA).
PEXA, an initiative of the Council of Australian Governments and backed by the private sector, including major financial institutions, digitises the property settlement process.
Providing a home for Homes for Homes online is the first time PEXA has supported a social enterprise through its technology and means Homes for Homes can be part of the online property revolution.
Pioneering Australia’s first digital Homes for Homes transaction were homeowners Fairlie Delbridge and Darren Bilsborough, registering their property in Glen Osmond, Adelaide.
“We’re excited to have led the way with an initiative that will become ‘the norm’,” Fairlie says.
“It is a privilege to be the first homeowners to register our property with Homes for Homes via the PEXA system.”
As Australia’s property prices continue to grow, so too does the rate of homelessness. The new Census figures, released by the ABS last month, reveal that 116,427 Australians are homeless every night, an increase of almost 14 per cent in five years.
Steven Persson, Homes for Homes and The Big Issue CEO, said: “More social and affordable housing stock is vital to reducing these numbers.
“Integrating Homes for Homes in PEXA’s technology will help ensure that it’s simple for people to make a meaningful contribution towards social and affordable housing in Australia.”
Homes for Homes not only gives the property market a unique opportunity to give back to the community but also the ability to do so with ease and in bulk via the PEXA platform.
Mike Cameron, PEXA Group Executive, Customer and Revenue says: “The PEXA team are excited to be part of Homes for Homes’ mission and to support its initial transition to an electronic solution.
“Online property has the capacity to have an intrinsic effect on Australia’s housing crisis.”