Published on Business Daily Media, PropTech News, and Tech Business News.
Media Coverage: Australian Conveyancing Industry Surges Late After Four-Month Low in 2022
The Australian conveyancing industry saw a late year resurgence after experiencing four consecutive slow months caused by interest rate rises and change in buyers’ behaviour.
Australian information broker and leading conveyancing technology solution provider, triSearch, released its 2022 aggregated property search data, indicating the direct impact of this year’s events on the industry.
triSearch National Sales Manager, Mitchell Burge, said the four-month lull experienced in the conveyancing industry from June to September presented a silver lining for practitioners.
“While we saw that sharp drop in search orders mid-year, we know how resilient and resourceful the conveyancing industry is,” Burge said.
“As with any industry governed by external factors, the quiet period gave practitioners the opportunity to improve the efficiency of their workflows and introduce digital solutions to replace their paper-based predecessors. Our Practice Management Solution, triConvey, saw record uptake in this time.”