14/09/2026
Hereâs what actually happens between âyesâ and getting the keys.
Exchange of contracts is the moment it becomes legally binding, with a deposit paid (usually 10%, sometimes negotiated to 5%).
Then NSW buyers get a 5 business day cooling off period, withdraw in that window and youâll forfeit 0.25% of the price (note, no cooling off at auction).
From there itâs a standard 6 weeks (42 days) countdown to settlement, while finance gets finalised and final checks happen.
Buying or selling and want it explained properly? Weâll walk you through every step.