Real estate settlement FAQs

Send us a copy of the offer and acceptance contract or call the settlements team on (08) 9220 4430. One...

Yes. We can act on a purchase by the trustee of a self managed super fund. Send us the contract...

Yes, for eligible new dwellings. What you get depends on the value, when you signed and whether construction had started....

On the day, once settlement completes, if the property is empty. If the seller lives there, from 12 noon the...

Many pay none at all. It depends on the value and on whether you are buying established or vacant land....

No. Once the seller accepts your offer and all parties have signed, the contract is legally binding. Any way out...

A State Government tax on the value of the property, paid by the buyer. Your contract must be lodged with...

Rates and taxes for the year are split so each party pays for the period they owned the property. Land...

Ask your bank to discharge the mortgage at settlement and sign the discharge authority. Do it early, because a bank...

A seller of residential property must have at least two RCDs installed before the sale completes. Mains powered smoke alarms...

Yes, if the delay is attributable to the other party: 9% a year on the balance of the purchase price....

Keys, insurance kept in place until settlement has actually happened, services cancelled, and the RCDs and smoke alarms that are...

Keys, insurance from the date of possession, the electricity and gas transferred into your name, your telecommunications, and your one...

The process that completes a contract to buy and sell real estate. Title transfers, the rates are adjusted and the...

A verification of identity check at the start of the process, before we can act for you. Usually an Australian...

We tell you it has completed and send you a final settlement statement showing how the funds were disbursed. Then...

No. We attend for you. In almost every case that means completing on the electronic settlement platform. We tell you...

Compensation one party can demand when settlement is late: 9% a year on the balance of the purchase price. The...

Every condition in the contract has been satisfied, usually finance and any inspection conditions. Until then either party may have...

Send us a copy of the approval. Buyers should get any inspection reports done now. Sellers should contact the bank...

The offer and acceptance contract, how most Western Australian real estate is bought and sold. Three pages that incorporate the...

It depends what your contract says. Many contracts let the buyer end the contract, claim compensation or require repairs. Strict...

It depends on your contract. The standard Western Australian contract makes no provision for timber pest inspections, so the property...

Selling new residential premises or land means giving the buyer a notice saying whether GST applies. If it does, the...

Buying from a seller who is not an Australian tax resident means withholding 15% of the price and paying it...

You can settle early if every party agrees and is ready, banks included. To delay, put a variation of contract...

You appoint a settlement representative. The sooner the better, because your contract dates run from acceptance rather than from the...

PEXA is the platform most Western Australian settlements are completed on. It charges a fee for each settlement, which we...

The Landgate registration fee for removing your mortgage from the title. It appears on your settlement statement. Starting the discharge...

A disbursement is a cost we incur on your behalf: Landgate searches and registration fees, the advice of sale, the...