FAQs — Buying Property in NSW

Frequently asked questions about buying property in NSW: cooling-off, deposits, contracts and settlement.

The FAQ and process content on this page is general information about conveyancing in Australia, not legal advice. Obtain advice specific to your circumstances before acting on it.

Verified facts

• faqEntry: {"question":"What does a conveyancer do when I'm buying a property?","answer":"A conveyancer manages the legal transfer of property ownership: reviews the contract of sale, conducts property searches (title, zoning, easements), liaises with your lender, calculates adjustments for rates and taxes, and ensures legal obligations are met before settlement.","category":"general-education"}
• faqEntry: {"question":"When should I engage a conveyancer during the buying process?","answer":"As early as possible, definitely before signing the contract of sale, so special conditions can be reviewed and your interests protected from the outset.","category":"general-education"}
• faqEntry: {"question":"What is the cooling-off period, and does it apply to all purchases?","answer":"In NSW, a five-business-day period after exchange during which the buyer can withdraw from the contract; withdrawing forfeits 0.25% of the purchase price to the vendor. It does not apply to auction purchases or where the cooling-off period is waived (for example by a s 66W certificate).","category":"general-education"}
• faqEntry: {"question":"What costs should I anticipate when buying a property?","answer":"Beyond the purchase price: stamp duty, registration fees, conveyancing fees, property searches and inspections, possible loan application fees and adjustments for council rates and utilities.","category":"general-education"}
• faqEntry: {"question":"How long does the conveyancing process take?","answer":"Typically 6 to 8 weeks, varying with transaction complexity, financing arrangements and responsiveness of parties.","category":"general-education"}
• faqEntry: {"question":"Can I conduct my own conveyancing without a professional?","answer":"In NSW nearly all property dealings must now be lodged electronically, and only lawyers and licensed conveyancers can operate in the PEXA e-conveyancing platform — so in practice you must engage a professional for settlement.","category":"general-education"}
• faqEntry: {"question":"What is conveyancing, and why do I need it in NSW?","answer":"The legal process of transferring property ownership; required in NSW to comply with local laws and protect your rights during sale or purchase.","category":"general-education"}
• faqEntry: {"question":"What documents are required during conveyancing in NSW?","answer":"Typically the contract of sale, property title, zoning certificate and identity documents; varies by buying vs selling.","category":"general-education"}
• faqEntry: {"question":"Do I need a conveyancer or a solicitor in NSW?","answer":"A conveyancer handles most standard property transactions; a solicitor may be needed for legal disputes or complex contract terms.","category":"general-education"}