New legislation brings QLD conveyancing into digital age

The Queensland Government has brought in new legislation for purchasing property in the sunshine state, with conveyancing transactions now to be conducted electronically.

The last state in the country to pivot towards electronic transactions, the move will assist buyers and sellers within the industry.

“Prior to electronic conveyancing, buyers and sellers were expected to travel to a law firm to sign the necessary paperwork in person, or post them by mail,” says InfoTrack’s Head of Property Australia, Lee Bailie.

“That takes time and requires documents to be manually uploaded which leaves room for error, and is slower than using a digital system. Adopting a digital approach to conveyancing is much more efficient. It’s a positive step forward in reducing the number of sales held up because documents weren’t lodged in time or were lost.

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