Progressive legal and conveyancing firms, financial institutions and representative peak bodies have been recognised at the PropertyX Innovate Awards 2020.

Now in its third year, the event, hosted by PEXA, celebrates organisations spearheading the complete overhaul of the way property is bought and sold in Australia.

Today, more than 75 per cent of the country’s property transfer settlements are processed digitally, in a shift driven by cross-collaboration between practitioners, banks, industry partners and government.

This reform is ensuring 20,000 Australian homebuyers and sellers each week benefit from a faster, safer and more efficient settlement process.

Winners were selected from a network of more than 9,000 businesses, with submissions judged by an esteemed panel including Bill Lang, Director, Small Business Australia, Pip Marlow CEO and Executive Vice President, A/NZ, Salesforce, Bec McConnochie, Senior Managing Director, Communications, Media and Technology, Accenture and Josh Callaghan, CEO, Little Hinges.

Winners of the Industry Innovation Award:

Practitioner (<20 employees): Bugden Allen Lawyers

Bugden Allen Lawyers was recognised for its new product, OPEX, a cloud-based solution that helps streamline the digital experience for consumers purchasing off-the-plan.

Practitioner (>20 employees) – Majors and Developers: McCullough Robertson

McCullough Robertson Lawyers was recognised for its exceptional adaptability amidst the COVID-19 pandemic, innovating its operations while displaying outstanding commitment to its customers and community.

Lender: Bankwest

Bankwest was recognised for its leadership in identifying areas for collaboration and progression within the settlement process for homebuyers and sellers, while also implementing significant automation to help streamline turnaround times.

Panel Law Firm: MSA National

MSA National was recognised for the customer-centricity within its innovation. This is highlighted by the development of a new Verification of Identity (VOI) solution, IDyou, which helps facilitate remote authentication.

Industry Partner: Property Council of Australia – Queensland

Property Council of Australia – Queensland was recognised for the support it provided industry members throughout 2020, alongside its commitment to a number of diversity initiatives, championing gender equity through its endeavours.

Better Together Award in partnership with Homes for Homes, recognising an organisation that has gone above and beyond in demonstrating outstanding leadership, inclusion and impact for the community.

Winner: Maddocks

Glenn King, PEXA CEO said, “We continue to see exceptional progress in our industry, which is being driven by the leadership of some truly exceptional organisations. Thanks to the flexibility and collaboration entrenched within our community, homebuyers and sellers have retained access to the critical service of property exchange, in spite of the challenges we’ve faced as a result of COVID-19. PEXA is delighted to celebrate these businesses and their significant contributions to the sector, as we continue to innovate further and transform property experiences for everyone.”