Property settlement is the legal process of transferring ownership of a property from the seller to the buyer. It includes preparing documents, checking contract conditions, transferring funds, and lodging the change of ownership with Landgate. It’s important because it makes sure the transfer is legally correct, protects both parties, and ensures there are no issues later on when you want to sell, refinance, or build.

In WA, there’s no difference — the terms mean the same thing. Both refer to a licensed professional who is legally authorised to handle the transfer of property ownership. In other states, the word “conveyancer” is used more often, but here in WA, “settlement agent” is the common term.

Most property settlements in WA take between 6 to 8 weeks from when the contract is signed, although this can vary depending on what the buyer and seller agree to in the Offer and Acceptance. Your settlement agent will keep things moving and ensure deadlines are met so there are no unnecessary delays.

In most cases, yes — stamp duty (also known as transfer duty) applies when you buy property in WA. The amount depends on the purchase price and type of property. Some buyers, like first home buyers, may be eligible for concessions or exemptions. Your settlement agent can help calculate the correct amount and make sure it’s paid on time.

If your finance isn’t approved by the finance due date in your contract, the seller may be able to cancel the sale. This is why it’s important to have your settlement agent and broker working closely together — they’ll keep track of deadlines and communicate with the seller to request an extension if needed. Having a settlement agent on your side reduces stress and helps protect your interests if finance delays arise.

On settlement day, your settlement agent organises for the balance of the purchase price to be paid to the seller and arranges for the legal documents to be lodged with Landgate. Once this is done, the property officially changes hands, and the real estate agent will release the keys to the buyer. Your settlement agent will confirm everything is complete and let you know right away.

Yes. Even if you’re only selling vacant land and not a house, a licensed settlement agent is required to handle the legal transfer of ownership. They’ll prepare the paperwork, liaise with banks and government authorities, and make sure the sale is finalised correctly and on time. Having a settlement agent ensures the process is legally compliant and that your sale is completed smoothly.

The settlement process for residential property and vacant land is very similar, as both involve transferring ownership and meeting contract conditions. However, vacant land settlements sometimes require extra checks, such as confirming zoning requirements, easements, or subdivision approvals. Residential settlements, on the other hand, may involve tenancy agreements or additional conditions tied to the house. We handle both with the same care and attention to detail — guiding you through the process and making sure every requirement is completed on time.