I can’t understand why conveyancing costs vary so much and what would be a fair fee to pay either on a sale or purchase of a property in NSW?
A. There is great variation in conveyancing costs as much of work is being carried out by unsupervised and unqualified staff. This practice has become widespread and no one can make any money out of conveyancing where the costs fall below $1,210 plus GST plus disbursements for a sale and $1,430 plus GST plus disbursements for a purchase. No one whether vendor or purchaser should forget that conveyancing is all about the transfer of title from one individual to another and if the work is not properly performed someone is in danger of not obtaining title which is unlikely to be discovered for a number of years until the property is sold. Why would anyone take this risk as the greatest single asset most people acquire during their life is their home, so clients should think very carefully before they accept any offer to convey property below this.
