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How Long Does a Conveyancing Transaction Take in New South Wales?

Whether you're buying your first home or selling an investment property, understanding the timeline for a conveyancing transaction in NSW is essential. While there are general guidelines, each transaction can vary depending on contract terms, finance, and even the property type. This guide breaks down what’s typical, what can delay things, and how to make the process smoother. 

Understanding the Conveyancing Timeline in NSW 

In New South Wales, a standard conveyancing transaction typically takes between 6 to 8 weeks from the date contracts are exchanged to settlement. But that’s not a hard-and-fast rule. It can be shorter, longer, or delayed by several factors. 

Let’s break it down step-by-step. 

1. Pre-Contract Phase: Variable (Days to Weeks)

This phase includes everything leading up to exchange of contracts - the legally binding moment. It involves: 

• Reviewing the contract of sale 

• Conducting property searches 

• Securing pre-approval from your lender 

• Negotiating terms (like inclusions or settlement date) 

Tip: The faster you engage a conveyancer or property lawyer, the quicker this stage progresses. 

2. Exchange of Contracts: A Legal Turning Point

Once both buyer and seller agree to the contract, it’s signed and exchanged.  

At this point: 

• The cooling-off period begins (5 business days for buyers, unless waived) 

• A deposit (typically 10%) is paid by the buyer 

• The settlement date is locked in 

From this moment, the countdown to settlement officially begins. 

3. Settlement Period: Commonly 42 Days

In NSW, the standard settlement period is 42 days (6 weeks), unless otherwise negotiated.  

During this time: 

• Final property checks and searches are conducted 

• The buyer’s lender finalises the loan 

• Adjustments for rates and utilities are calculated 

• The property is prepared for handover 

Both legal representatives work behind the scenes to ensure everything is ready for settlement day. 

4. Settlement Day: The Property Changes Hands

On settlement day: 

• The buyer pays the balance of the purchase price 

• Ownership officially transfers 

• The buyer can collect the keys 

Thanks to platforms like PEXA, this process is now mostly digital in NSW, reducing delays and paperwork. 

What Can Delay a Conveyancing Transaction? 

While 6 weeks is standard, the timeline can blow out due to: 

• Delays in finance approval 

• Outstanding conditions in the contract (like repairs or approvals) 

• Issues with title searches or council certificates 

• Disagreements over inclusions/exclusions 

• Unexpected issues in building or pest reports 

Engaging an experienced property lawyer can help spot and address these issues early. 

Can the Process Be Faster? 

Yes, in some cases. If both parties agree and finances are ready, a 30-day or even shorter settlement can be negotiated. However, shorter settlements often require: 

• Pre-approved finance 

• No major legal or structural issues 

• Prompt communication from all parties 

Selling Off the Plan or With Tenants? It Might Take Longer 

If you're buying off the plan, the settlement date might be months or years away, depending on when construction is completed. 

Similarly, if the property is tenanted, you’ll need to factor in appropriate notice periods (30–90 days), which could push back the handover. 

Your Conveyancer or Property Lawyer Matters 

At ClickLaw, our experienced property solicitors don’t just keep things ticking along, they proactively manage the process, communicate clearly with all parties, and make sure you’re informed at every step. 

Whether you're a buyer or a seller, we help ensure your conveyancing transaction moves forward as smoothly and swiftly as possible. 

Need help navigating a property purchase or sale in NSW? Contact ClickLaw today and let our expert team guide your transaction from contract to settlement—without the stress.