on 06-02-2019 12:23 PM
I logged into PEXA this morning for a matter settling today and notice the increase in PEXA fees from 112.60 to 129.03. I did not receive any notification of an increase and why the big increase?
Surely PEXA can't randomly increase fees without notification. Is this why there is going to be competition in the electronic settlement arena.
on 06-02-2019 02:47 PM
Looks like Multiple title Workspace fee of $129.03?
on 07-02-2019 03:57 PM
The price you quoted is for a multi-title transfer (single title transfer is still $ 112.6).
PEXA Pricing is adjusted only once a year (July) and any price increase is announced at least 20 working days prior to taking effect. The increase in fees between FY18-FY19 was linked to CPI (below 2%).