Frequently Asked Questions

What costs apply to conveyancing and how long does it take, what documents do I need?

Typical timeframes:• Agreement – this depends on whether an agent is involved. If there isn’t, drafting usually takes around a week once AML is completed and all information is provided. AML typically takes 2–3 days.• Conditions are usually 15 working days.• Settlement is generally 10–15 working days after the agreement becomes unconditional. Documents required will depend on whether an agent is drafting the agreement. For AML, we’ll need ID and proof of address (two proofs if selling). For a purchase, we’ll also need confirmation of where the funds are coming from. If we are drafting the agreement, we will need: seller/purchaser details, GST status, deposit amount, property details (address, price, default interest—typically 14%), conditions (building, LIM, finance), any further terms, settlement date, details of the other party’s lawyer, bank letter of offer/finance details (for purchases), tenancy information (if any), and a list of chattels. Once the agreement is unconditional, there will be several documents to sign, and these can be completed electronically with audio-visual witnessing if required. .