Navigating Conveyancing Sydney NSW: The Process

The journey of conveyancing Sydney NSW typically follows a structured timeline. Understanding these stages helps manage expectations and reduces the stress of the “settlement countdown.”

1. Pre-Exchange and Due Diligence
Before contracts are signed, your conveyancer performs “searches.” This includes checking title deeds, pest and building reports, and strata records. If you are buying at auction, this due diligence must be completed before the hammer falls, as there is no cooling-off period.

2. Exchange of Contracts
Once both parties agree on the price and terms, contracts are “exchanged.” In a private treaty sale, buyers usually have a 5-business-day cooling-off period. However, be aware that from June 1, 2026, new NSW regulations require updated forms for cooling-off notices; using an outdated form could potentially complicate the validity of the contract.

3. The Settlement Period
Usually lasting 6 to 12 weeks, this is the “waiting room” phase. Your legal representative coordinates with your bank to ensure finance is ready and prepares the “Transfer” document for the NSW Land Registry Services.

4. Electronic Settlement
In 2026, almost all conveyancing Sydney transactions are settled digitally. On the day of settlement, your representative uses the electronic platform to swap the purchase price for the legal title. Once the “green light” is given, you can pick up the keys!