PHOTO: Paperless conveyancing could be a gamechanger for buyers and sellers.

REMEMBER how internet banking changed personal finance? Real estate is undergoing a similar change.

A digital revolution has transformed the way property deals are being carried out across NSW, reducing settlement delays and errors and ushering in an era of greater transparency for buyers and sellers.

Research from the office of the NSW Registrar General has revealed nearly a third of state property transactions are now being conducted online across a digitised conveyancing platform. It’s a marked change for a state industry where fewer than 10 per cent of contracts were exchanged electronically at the end of 2016.

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