During 2016-17, the cost for an electronic settlement is $107.80, or $122.98 if there’s more than one title involved. Glenferrie Conveyancing will absorb half of this cost (as it also provides workload reduction benefits to us), and so you only have to contribute $53.90 or $61.49 towards the cost of your electronic settlement .
Land Victoria fees:
Bank cheque fees:
Apart from these savings, the best attribute of electronic settlement is that it is more reliable than manual settlement. Once an electronic settlement is made ready by all of the parties, it is extremely unlikely that it will not proceed to completion. With a manual or paper-based settlement, however, if just one of the documents or cheques are incorrect or missing the settlement may fail and have to be re-scheduled, which is costly and frustrating.