Your conveyancer, the vendor's conveyancer, and (if applicable) both parties' banks meet to exchange the transfer documents and settlement funds, and the transfer is lodged at the Lands Titles Office to register you as the new owner. You don't need to attend in person — we handle the whole exchange and let you know the moment it's confirmed, so you can arrange keys and collect them.
Generally yes, for most private treaty residential purchases — but it doesn't apply in every situation, and the rules differ for auctions. Because this depends on how you're buying and the specifics of your contract, it's worth confirming your exact position with us before you sign, rather than relying on a general rule of thumb.
The Form 1 is the vendor's legally required disclosure statement, covering things like the title, any encumbrances, rates and charges, and specific details about the property. We check every Form 1 against the actual title and contract terms, because if the vendor gets it wrong or leaves something out, it can affect your rights as a purchaser.
Before you sign the contract, if at all possible. A conveyancer can review the contract and Form 1 and flag anything concerning — an easement, an unexpected encumbrance, a condition that doesn't protect you — while you still have room to negotiate or walk away. Speaking to us costs nothing to ask.
