Why you need a Conveyancer when buying a property

Understanding all the different groups involved in purchasing a property can be a minefield.

The Real Estate agent. The Buyer’s Agent. The Auctioneer. The Building and Pest Inspectors. The 1st Street Mortgage Broker (hi there!).

Well, here’s another one to add to the list – the Conveyancer. Conveyancing is an important piece of the puzzle to make sure everything goes to plan with your new property purchase. Let us explain.

What is a conveyancer?

Conveyancing is the method of transferring possession of the title to a property from the seller to the purchaser. A conveyancer is a licensed professional who looks after this for you.
Sometimes, they may be a solicitor, but not necessarily. There are solicitors who specialise in conveyancing.

What do conveyancers do?

Conveyancers may complete an array of tasks for the buyer, including:

  • Preparing and lodging legal papers, like the sales contract and transfer of land document
  • Doing searches about the property and its title (including easements, planning restraints and zoning regulations that might affect the property’s value, plus other crucial information you must know about)
  • Transferring your deposit into a trust account
  • Giving advice about your responsibilities under state and Federal law (stamp duty)
  • Working out the settlement adjustments (the dividing of rates, land tax, water rates and body corporate levies between the seller and the new owner)
  • Managing settlement, interacting with financial institutions, and acting on the buyer’s behalf during the sale process.

On the opposite side, conveyancers can help sellers with tasks like drafting the sales contract and liaising with the buyer.

Why do you need a conveyancer?

How good are you at comprehending complicated legal jargon? How about working out adjustment calculations? Do you know all the latest laws surrounding stamp duty and taxes in your state or territory?
Don’t worry, most people wouldn’t, which is why they enlist the help of a conveyancer.
While you can choose to do DIY conveyancing, it isn’t advisable unless you really know the ins and outs of property law.
Your conveyancer can translate all the legal terms and requirements for you, guiding you through the settlement process. They look after the finer details so that you can focus on the fun stuff – like organising your housewarming.

How much does a conveyancer cost in 2023?

The price of conveyancing depends on where you are, the type of property you’re buying and the difficulty of the sale.
As what you can assume to pay can differ significantly, make sure to factor in additional fees such as disbursement costs, which are the costs incurred by the conveyancer to third parties for items like settlement fees, certificates and searches.

Finding the right conveyancer

Your 1st Street Mortgage Broker works closely with conveyancers to ensure our clients have a smooth experience when it comes to settlement.
For tips on what to look for when picking someone to assist you with sale contracts and settlement, contact your 1st Street Mortgage Broker today.

Our service is completely


Yes, that’s right. You pay zero, zip, nada.

1st Street’s premium service comes at no cost to you! 1st Street is paid by the lender when your loan settles, however, this will not affect your interest rate or loan fees! It is often more cost-effective for a mortgage broker to process a loan rather than the lenders processing it themselves in-house. In fact, we often find that we can save you money by negotiating on your behalf.

I want to buyI want to refinance

your numbers

Use our online calculators to work out how much you can borrow, loan repayments, stamp duty and lots more.

View calculators

With 40+ lenders to choose from, the options are never ending!

A word from our satisfied customers

Maxine Zhong
Maxine Zhong
19 October 2023
Amanda has been such an incredible support throughout our very first time going through the home loan process. Her thoughtfulness to regularly check in to make sure all our questions were answered and that all our documents were in place helped to make the whole daunting process feel seamless and easy. I could not recommend her enough - she made sure to keep us informed every step of the way and made sure all necessary documents/processes were completed well ahead of time so we never had to worry about missing any steps. She went well above and beyond her role, and I know we will definitely be coming back to her in the future, as well as recommending her to all of our networks! Thank you again, Amanda!
Mark Nesbitt
Mark Nesbitt
11 October 2023
Greg and the team provide an outstanding service. Highly recommended
Christine Tran
Christine Tran
23 September 2023
Yuval handled my first ever home loan, he did such an amazing job I asked to him to refinance for me 2 years later. Yuval made everything very easy for me, and will give his best recommendation as if it was his own. Would always recommend Yuval :)
David Petrini
David Petrini
25 August 2023
Yuval Bloomfield was an absolute delight to work with. He made it extremely easy for my clients to discuss about their financial situation. With Yuval's strong connections he was able to get the loan my clients wanted in very quick time. Will definitely refer Yuval again.
Sophie Linehan
Sophie Linehan
24 August 2023
Greg and the team at 1st Street were fantastic all the way through the process of getting our financing sorted and buying a new home. They not only secured us the most competitive mortgage in the market but they also gave advice on a number of mortgage-adjacent questions that came up along the way. Their responsive and thoughtful guidance helped make the nail-biting process clear and calm. We would definitely recommend their services.
Gabrielle Scott-Jones
Gabrielle Scott-Jones
18 August 2023
Greg and his team gave me exceptional advice and support. They were timely and detailed in their responses and dealt patiently with me as a first home buyer and all of my questions. The lender at the bank commented on how well I was being looked after compared with other brokers in the market. I’d highly recommend 1st Street to anyone, including friends and family.
Eli Simic
Eli Simic
15 August 2023
Great communication and fast service
Richard Kuipers
Richard Kuipers
11 August 2023
Jeremy and his team are superb. Negotiated the best deal for us and were an absolure pleasure to work with. Highly recommended, you can't do any better in my opinion.
Jordan Rivkin
Jordan Rivkin
1 August 2023
The team at 1st Street truly are professionals. I can't recommend Jeremy highly enough, he is extremely competent and just a great guy. You're in safe hands with 1st Street!
Yossi Bengida
Yossi Bengida
23 July 2023
Another amazing job by David and Bree. Always available for our questions, helpful and just 10/10 Seriously good work !! See you on the next one :) Yossi and liz