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I can assure you they're not a micro business operating out of the spare bedroom. I've met with their Melbourne staff (they have multiple offices) and dealt with people in Perth. Most conveyancers will have heard of them. If you want a poorly formatted and unusable website, try...

Title insurance costs in the order of about $600 and covers you against this type of loss. There's a few companies that offer it, the one that comes to mind is Stewart Title Limited http://www.stewartau.com This won't prevent this type of fraud, but at least you'd get compensated. It also...