Why Conveyancers must start charging more: Factors which affect your industry
Australia’s conveyancing sector has a profitability problem. Simply put, many conveyancers carry out highly skilled – and potentially high-risk – work for far less than other qualified professionals. A recent survey conducted by AICNSW found that, in 2022, 66 per cent of conveyancing practices turned over less than $200,000 a year. For sole practitioners, that […]
The Burning Question: Making time to be better at what we do
The conveyancing industry has been undergoing an extraordinary period of transformation in recent years, leading to the adopting of technology, making time to improve workflows. A transition to paperless workflow, ongoing legislative change, and growing responsibility that comes with managing clients’ personal information. It appears that conveyancers are under increasing time pressure every day, so […]
The Burning Question: Creating freedom of choice with interoperability
It used to be that when property sale contracts were exchanged and settled, all parties met in person to complete the transactions. The 2014 introduction of an electronic lodgement network platform developed by the locally-owned PEXA simplified the process by bringing together all parties to a transaction – conveyancers, lawyers and banks – in a […]
Australian property market heats up
The Australian property market heated up across all east coast States in September. Sydney’s western suburbs shone through with Oran Park, Austral, and Penrith leading the charge, while first-time buyers surged, signaling a dynamic shift in real estate trends. Victoria’s property market resembled a competitive footy finals race. Melbourne, Tarneit, and Werribee slipped in rankings […]
John Colbert: <strong>Leadership, evolution and bringing a team along for the journey</strong>
Early in his corporate sales career, John Colbert was promoted from successful team member to team leader. Great reward for a driven a salesman but Colbert soon realised that his continued success would be dependent on the success of the professional group under his care. More than 20 years on, he admits this was a […]
<strong>A conveyancing transaction gone so wrong</strong>
The Australian conveyancing industry should be alert to the alarming increase countrywide of invoice scamming, with business email compromise fraud costing unwary consumers $22 million in the past eight months. According to the consumer watchdog the ACCC (Australian Competition and Consumer Commission) 27,698 false billing scams were reported to Scamwatch between January and September this […]
<strong>How hostile actors attack</strong>
Getting to know your attack vector threats and how to mitigate them. Cybercriminals use attack vectors to access networks by targeting infrastructure (network, hardware, cloud), applications and team members. “Conveyancers should be reminded that preventing a ransomware attack is far easier and cheaper than recovering from one,” said triSearch chief executive Chris Gibbs. “An effective […]
A wolf at the door: Keep your data safe
As eConveyancing has become mandatory in most states and conveyancers and law firms rely more heavily on technology for their daily business, experts warn a failure to implement cyber risk management strategies – and to regularly update them – is leaving the door wide open to hackers. Last year Australians were scammed of at least […]
Building a future for Conveyancers: Victoria’s ambitious housing statement
Victorian Conveyancing industry longevity secured with recent Victoria’s Housing Statement. The Victorian government’s ambitious housing plan will reshape the landscape of the conveyancing industry in the state. Conveyancers will need to be adaptable, well-informed, and potentially open to embracing new technologies and approaches to keep pace with the changes. In the face of soaring house […]
Tech terms you need to know over the next decade
Over the past decade, the world of technology has changed out of sight. Over the next decade, it’s likely to change further. Here are some terms you need to know, and how they might apply to conveyancing. Artificial intelligence (AI) Definition: Involves using systems or machines that mimic human cognitive functions, such as problem-solving, pattern […]
