A combination of Government incentives and resurgent buyer demand led to Australia seeing consistently high levels of activity. What is notable about the rocketing demand seen in Australia, though, is that it didn’t result in the same operational challenges seen in the UK. This reliance was perhaps even more prominent in Australia as the UK market had already partly begun investing in technological innovations. While crucially improving customer outcomes, and allowing conveyancers and lawyers to reduce their administrative burden, it has also shown how technology can help improve market resilience. Faster remortgaging saves borrowers money, and it puts vast amounts of time back into the hands of conveyancers, allowing them to focus on providing expert legal advice rather than administration.

Source: The Times December 20, 2021 04:00 UTC