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Two Western Australian forces are coming together, with Land Services WA investing into a locally grown start-up with sights set on national expansion.
The new alliance will see Land Services WA become a shareholder in Realtime Conveyancer, with the investment lauded by Realtime Conveyancer founder and CEO Kylie Dillon, who said they are “thrilled” to have the support of the company.
The strategic investment “is a testament to the value of our platform and our commitment to transforming the conveyancing industry”.
“We believe that Land Services WA’s expertise and experience will be invaluable as we continue to grow and expand our business,” Dillon continued.
According to a statement outlining the partnership, the investment from Land Services WA “will accelerate Realtime Conveyancer's growth and development, including moves into new states”.
Having transacted across Western Australia for four years now, and expanding its services into South Australia in 2023, Dillon said the team is “excited to work with them to expand the reach of our innovative platform into the eastern states and make it possible for conveyancers to enjoy the same levels of automation and digitisation as other industries”.
The investment comes as Realtime Conveyancer is reportedly on track to transact 50 per cent of matters in Western Australia by July, and 15 per cent of South Australian matters in its first six months.
For Eugene Suares, CEO of Land Services WA, the decision to become a shareholder in Realtime Conveyancer is a “first” for the business – and one which he said highlights their commitment to innovation and the Australian proptech industry, “particularly in our own backyard WA, where Realtime Conveyancer was founded”.
Acknowledging conveyancing as an “adjacency” to their business and an important component of the property value chain, Suares said “Realtime Conveyancer represents one of the ways that we are investing in innovation and efficiency for the property community”.
“We look forward to the continued growth of Realtime Conveyancer, innovation and value to the community stimulated by Realtime Conveyancer and the broader proptech ecosystem,” the CEO concluded.
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