The day it finally becomes yours
Settlement is when the property title officially transfers from the seller into your name. Your conveyancer and broker have been coordinating this for weeks — here's what's actually happening.
What happens on the day
Funds change hands — Your lender draws down the loan amount plus your contribution and transfers it to the seller's legal team.
Stamp duty is settled — Calculated into the settlement figures and paid to the state government on your behalf. No separate payment needed.
Paperwork is exchanged — Mostly handled digitally through platforms like PEXA. Your conveyancer takes the lead.
Title changes hands — The property is registered in your name on the land title register.
You get the keys — Usually collected from the real estate agent once settlement is confirmed.
You don't need to be present. You'll get a notification when it's done.
The pre-settlement inspection — don't skip it
A few days before settlement, do a final walk-through to check:
- •Property is in the same condition as when contracts were signed
- •All agreed repairs or inclusions are in place
- •No new damage during the settlement period (can be 30–90 days)
- •Water pressure, heating and cooling, lights, doors, windows, smoke alarms
If you find a problem: take photos immediately and contact your conveyancer. Issues found at pre-settlement can usually be resolved before the day itself.
What do you need to do?
- 1.Have your deposit funds in the right account (your conveyancer will advise)
- 2.Complete the pre-settlement inspection
- 3.Confirm home insurance is in place
- 4.Confirm key collection with the agent
Everything else is handled by your broker and conveyancer.
Book a chat with Kick Finance — we're with you every step of the way.
