Private lending in Tasmania: How the absence of PEXA affects settlements and funding
- Innovate Funding
- Sep 30, 2024
- 5 min read
Updated: Feb 2
Private lending in Tasmania operates differently from many other Australian states due to the current absence of mandatory electronic conveyancing through PEXA. While New South Wales, Victoria, Queensland, and several other jurisdictions use PEXA to streamline digital settlements, Tasmania continues to rely on manual or hybrid settlement processes.
This has a direct impact on brokers, borrowers, solicitors, and private lenders. At Innovate Funding, we specialise in navigating these challenges by offering structured, efficient, and transparent private lending solutions tailored to Tasmania’s unique environment.

What is PEXA and why does it matter in private lending
PEXA is Australia’s leading online property settlement platform. It allows parties to complete title transfers, register mortgages, and exchange funds digitally in real time.
In states where PEXA is widely adopted, settlements can occur quickly and seamlessly. However, Tasmania’s current reliance on paper based documentation introduces additional steps into the private lending process.
For borrowers and brokers in Tasmania, the absence of PEXA means:
longer settlement timelines due to physical document handling
reliance on local conveyancers and Tasmanian legal representatives
higher administrative and courier related costs
settlement availability limited to business hours
more manual coordination between parties
Despite this, private lending in Tasmania continues to grow because lenders like Innovate Funding adapt quickly to the local settlement environment.
How the absence of PEXA impacts private lending in Tasmania
Private lending is often chosen for flexibility and fast turnaround. Without PEXA, the Tasmanian property market requires additional steps that lenders and borrowers on the mainland may not experience.
1. Longer settlement processing times
Manual settlements require physical documentation and in person attendance. This affects first mortgage and second mortgage lending by extending settlement timelines when compared to digital settlements in PEXA enabled states.
2. Increased coordination between stakeholders
More communication is needed between valuers, solicitors, conveyancers, and private lenders. Innovate Funding uses a hands on approach to manage this coordination and minimise delays.
3. Reliance on experienced local solicitors
Tasmania’s Land Titles Office requires manual lodgement of documents. Innovate Funding partners with trusted Tasmanian solicitors to ensure accuracy and compliance throughout the process.
4. Manual mortgage registration adds processing days
Digital registration in PEXA states provides almost instant confirmation of a lender’s interest on title. In Tasmania, manual lodgement can add several days to the process. Innovate Funding builds these timeframes into the settlement timeline to avoid unexpected delays.
5. Higher transparency requirements
Without real time PEXA updates, Innovate Funding provides regular communication with borrowers and brokers at each stage of the process to ensure transparency and clear expectations.
Why private lending still works effectively in Tasmania
Even without PEXA, private lending in Tasmania remains efficient and highly accessible for borrowers who require funding outside traditional banking systems.
Key strengths of private lending in Tasmania include:
Flexibility: Approvals are based on asset value, equity, and scenario strength rather than rigid bank style credit requirements.
Speed: Even within a manual settlement environment, Innovate Funding completes most loans within five to ten business days.
Custom loan structures: Loan terms, repayment arrangements, and exit strategies are tailored to the borrower’s needs.
Accessibility: Borrowers who do not qualify for traditional bank finance can still obtain first mortgage, second mortgage, bridging, or business purpose loans.
Private lending is particularly valuable for property purchases, construction projects, refinancing, and short term commercial funding where timing and flexibility matter.
Innovate Funding’s process for private lending in Tasmania
Innovate Funding has adapted its processes to operate efficiently in Tasmania’s manual settlement landscape.
Our tailored approach includes:
early coordination with Tasmanian conveyancers and legal teams
scheduling valuations as soon as applications are received
preparing documents ahead of settlement to avoid delays
maintaining constant communication with all parties
anticipating manual registration timelines and planning accordingly
Whether the borrower is located in Hobart, Launceston, Devonport, Burnie, or regional Tasmania, Innovate Funding ensures each transaction progresses smoothly from initial approval to settlement.
Future outlook: Tasmania’s transition toward electronic conveyancing
The Tasmanian Government is reviewing the implementation of electronic conveyancing solutions such as PEXA. When adopted, this will:
reduce settlement times
increase efficiency
improve lender security
lower overall transaction costs
Innovate Funding monitors these developments closely and will continue to adjust lending processes as Tasmania transitions to digital settlement platforms.
Conclusion
Private lending in Tasmania remains strong despite the absence of mandatory PEXA settlements. While manual processes introduce additional steps, experienced lenders can navigate these requirements efficiently. Innovate Funding combines national lending expertise with strong local partnerships to deliver fast, flexible, and transparent funding solutions across Tasmania.
Whether you are a broker, investor, or borrower seeking private lending in Tasmania, Innovate Funding supports you with reliable service, practical loan structures, and confidence throughout the entire settlement process.
Visit innovatefunding.com.au to learn how we can help you secure your next loan in the Tasmanian market.
FAQs for Private Lending in Tasmania
1. What is private lending in Tasmania
Private lending in Tasmania refers to finance provided by non bank lenders who assess loans based on asset value and equity rather than strict credit scoring. It is a faster and more flexible alternative to traditional bank lending.
2. Can I still get a private loan in Tasmania without PEXA
Yes. Private lending in Tasmania works effectively without PEXA. Settlements are completed manually through local conveyancers and the Land Titles Office. Innovate Funding ensures the process remains fast and streamlined even without digital conveyancing.
3. Does the absence of PEXA slow down settlement times
It can. Manual settlements require physical documents and in person lodgement, which may add several days to timelines. However, with early preparation and strong coordination, Innovate Funding minimises delays.
4. How long does private lending in Tasmania usually take
Most loans settle within five to ten business days depending on valuation timing, document preparation, and Land Titles Office processing.
5. Do I need a Tasmanian solicitor for private lending
Yes. Tasmania requires manual lodgement, so local legal representatives are necessary. Innovate Funding partners with experienced Tasmanian solicitors to ensure accuracy and compliance.
6. Are private loans in Tasmania more expensive because there is no PEXA
Not necessarily. Interest rates and fees depend on the lender, security, and loan structure. Manual settlements may incur slightly higher legal or courier costs, but the overall loan pricing remains competitive.
7. Can private lenders offer first mortgage and second mortgage loans in Tasmania
Yes. Private lenders offer first mortgage, second mortgage, bridging loans, construction loans, and business purpose loans throughout Tasmania, including Hobart, Launceston, Devonport, and regional areas.
8. Will Tasmania eventually adopt PEXA
The Tasmanian Government is reviewing the rollout of electronic conveyancing platforms such as PEXA. When implemented, settlement times and costs are expected to decrease significantly.
9. What types of borrowers use private lending in Tasmania
Property developers, investors, business owners, self employed borrowers, and clients who struggle to meet traditional bank criteria commonly use private lending in Tasmania.
10. How does Innovate Funding support private lending in Tasmania
Innovate Funding coordinates with local conveyancers, prepares documents early, manages communication between all parties, and provides clear timelines to ensure smooth settlement even without PEXA.


