What happens after settlement?

If you are the buyer…

Congratulations!

Contact the real estate agent to collect the keys.

If the seller lived in the property, you can collect the keys from 12 noon on the day after settlement. If the seller didn’t live in the property, you can collect the keys immediately.

We’ll send you a final settlement statement that sets out the disbursement of funds at settlement.

If you are the seller…

Congratulations!

Contact your real estate agent to arrange to hand over the keys. If you lived in the property, you have until 12 noon on the day after settlement to move out and give the keys to the buyer. If you didn’t live in the property, you must give the keys to the buyer immediately.

We’ll send you a final settlement statement that sets out the disbursement of funds at settlement.

More FAQs

FAQ

What is GST withholding?

If you are selling new residential premises or new residential land you must give the Buyer a notice advising whether GST is applicable to……

How are rates and taxes adjusted at settlement?

All local authority rates, Water Corporation rates, strata levies and land tax (outgoings) for the current year will be apportioned between the buyer and……