PHOTO: Solicitor Matthew Ray has become an advocate of online selling. AAP Image/Claudia Baxter.

Buying and selling property is set to move into the modern era with a national digitised conveyancing platform to change the way we trade property.

Gone will be the days of the long wait for bank cheques to clear and errors holding up settlements, as the industry embraces a modern way to deal with Australia’s $7.2 trillion residential property market.

A new platform which allows buyers, sellers, banks and solicitors to exchange and settle on real estate electronically has been created by Property Exchange Australia Limited (PEXA).

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