Conveyancing Fees in Melbourne Explained

What Are Conveyancing Fees?

Conveyancing fees are the legal fee you pay a conveyancer to ensure the property you’re buying or selling is transferred correctly and lawfully. Additionally, conveyancers will itemise costs for disbursements. These are the necessary out-of-pocket expenses such as property certificates and title search fees. Disbursements are separate from the conveyancer’s fee and are typically itemised for transparency.

What’s The Typical Cost For Conveyancing Fees?

In Melbourne and regional Victoria, starting prices for conveyancing fees are typically between $900 and $1,500 plus GST. The variation in fees largely depends on the type of property, such as residential units, commercial property, or non-titled land. Some conveyancers may also offer a complimentary contract review for first time clients looking to make a purchase.

Our Conveyancing Fees

At Orange Legal Group, our basic conveyancing fee starts at $900 plus GST. Additional charges for disbursements, such as Council, Water and Tax Certificates will apply as needed to complete the conveyancing process. Our fees & expenses are generally not required to be paid until settlement. However, if you remove your property from the market or have not sold within 4 months, then you can be asked to cover half the fees & expenses for any work done to date.

FREE Contract Review For First Time Buyers

At Orange Legal Group, we offer a FREE Contract Review for first-time buyers, ensuring you fully understand and are confident with your property contract before signing. Our team will carefully explain the terms and highlight any important aspects, helping you make an informed decision and providing peace of mind in your first property purchase.

Disbursement Fees

Disbursement fees in conveyancing are the costs paid to third parties for various services and checks required during the process of transferring property ownership. These fees are separate from the conveyancer’s own service fee.

Conveyancing Disbursement fees are crucial as they cover the costs of necessary legal documents and checks, ensuring the property transaction complies with legal standards and is free from risks.

Examples Of Disbursement Fees

Disbursement fees can include charges for title searches, council and utility certificates, and other essential searches. These are vital for a clear transfer of property ownership and for making accurate financial adjustments at settlement. Essentially, they help in facilitating a smooth and legally sound property transaction.

Here are examples of Disbursement Fees:

  • Title Searches
  • Plan Searches
  • Zoning & Planning certificates
  • Owners Corporation Certificates
  • Council, Water and Tax Certificates
  • Administration & electronic storage fees

Frequently Asked Questions

No, Conveyancing fees cannot be added directly to a mortgage. Conveyancing Fees are generally paid out of pocket at settlement time, upfront, or at various stages of the property transaction process.

In Melbourne, conveyancing fees are typically paid on the settlement date. However, some conveyancers might have different payment structures, requesting a portion of their fees to be paid upfront or at various stages of the conveyancing process. It’s important to clarify payment terms with your specific conveyancer to understand when and how their fees will be due.

Yes, conveyancing fees are tax deductible if they are for an investment property. These fees can be added to the property’s cost base, which may reduce capital gains tax when you sell the property. However, for a primary residence they are not tax deductible.

Yes, you can claim conveyancing fees on an investment property. They are considered part of the property’s capital costs and are deductible against the capital gains when the property is sold. This is not the case for a primary residence, where these fees are not deductible.

Victoria’s Choice For Affordable Online Conveyancing.


Victoria’s Choice For Affordable Online Conveyancing.

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