How Much Do You pay for Conveyancing

How much do you pay for resi conveyancing for purchase excluding disbursements/GST


  • Total voters
    123
  • Poll closed .
Lawyers, convenyances and other professionals charge a fee for the services they provide. No law society attempts to set or regulate prices as this would violate laws regarding collusion, price fixing, price maintenance, market forces etc... State and Commonwealth. So the "scale" fee may be $,000's and the market rate is $1,200. That's capitalism. But think Caveat Emptor !

I'm always concerned that a comparison of prices should be based on more than just the price. This can be misleading eg:
- + Disbusements and these include inflated on-costs and are not specified
- Card surcharges
- "Plus GST"...A sure fire way to identify a shonk. They doent even understand consumer law which requires all prices to be GST inclusive without exception.
- An assumption that no face to face meeting time is included.
- A very high rate for additional advice, queries etc

However by far the greatest concern (and I'm not a lawyer so I'm happy to have arrows fired at me) is attempting to compare lawyers and conveyancers. Sure they both appear to do the same job. However when it all goes wrong only one of them is qualified to address a resolution. Only one of them can intiate legal action, send a demand (and enforce it) and to provide advice on the ways to resolve a concern. Its a bit like asking a company CPA financial controller to give tax advice.

Conveyancing is just the means of settling a contract so the buyer achieves title. So it stands to reason only someone who is legally qualified to write a contract, amend a contract and to enforce contract terms should be engaged. This doesnt mean everyone "needs" a lawyer to do conveyancing. It just explains why a conveyancer should be much cheaper than a lawyer. The low price should recognise the lack of LEGAL practicing qualifications and the user of such services should understand the high cost of then instructing another party to start from scratch when a issue does arise.

But I also woudnt use a lawyer who only infrequently does conveyancing. Lawyers that focus and specialise on conveyancing and advertise in property mags are often low cost, competitive and dedictated to this line of work. But they can also get the school experience kid over involved too so do your homework.

My mate had a law firm (Packer something...LOL he still calls them Packa AHoles) settle his sale of his sub div property. Four years later his council insisted he had to pay unpaid rates for the back house or they were going to put a charge over title but he was living in the front. Yep - He was effectively living in his neighbours property and paying that persons rates and guess who had a trail of debt ?? Thank God same bank acted for both mortgages and understood issues. His lawyer had made a mess of it. The Law Society appointed another lawyer to fix it !! No cost.
 
The norm in Canberra is around the $1000 - $1500 mark.

You'll get the odd firm undercutting everyone - and they often end up being inundated with work and can't keep up with demand.

One of the local firms I recommend is a bit more expensive than others but they're extremely efficient and diligent and I've never had any issues with them.

Cheers

Jamie
 
I should add that in my first job as a solicitor the firm I worked for charged by the hour. I did a few conveyancing matters with the cheapest being around $3500 one around $5000 and one around $7,500 all standard residential, including disbursements.

Yup. Those fees sound familiar, that's why I no longer use that soli (he has retired now) & I am a little less naive ;)
 
In Melbourne I just paid $395 inc GST (ex Disbursements) for a Lawyer who ended up being a one man band and was a terrible experience overall, although the job got done in the end. Won't be using him again, wanted to give him a shot as all his initial feedback + website looked great.

I also use another law firm and they charge $520 inc GST (ex Disbursements) and are very good - never had an issue with them so will be using them from now on (again).

Remember that in this industry you do get what you pay for. There are a lot of things that can go wrong when buying a Property so you really do need someone who knows what they are doing.
 
Thanks for all the replies above. Some good information there.

Conveyancing is one of the more risky areas for lawyers. In terms of claims on insurance it is the area with the highest claims which perhaps means there is greater potential for things to go wrong. e.g if doing criminal law and you stuff up the crim may get a few more years in prison - who cares, but if you stuff up a conveyancing matter someone could lose hundreds of thousands of dollars.

Therefore it has to be priced accordingly because of the risk. I would think it reasonable of charging around the $1100 mark including GST and disbursements on top of this - especially for NSW. VIC generally seems cheaper for some reason unknown to me, but some of the prices quoted are extremely cheap and you would imagine the volume they would be doing to be able to make a profit.
 
My last 2 purchases in Perth I did my own conveyancing. It's pretty easy if you know what you are doing but pretty easy to get wrong if you don't. Note that these were very straightforward purchases with nothing complicated about them at all.
 
I paid $1100 including searches + $250 sundries (which they refund if not all used up) in Canberra. It was a sale late last year.
 
Conveyancing Costs

I am a conveyaner based in Melbourne CBD our fee are;

Sale Apartment/Unit $895 inc GST plus Disbursements
House or Vacant Land $795 inc GST plus Disbursements

Purchase Apartment/Unit $895 inc GST plus Disbursements
House or Vacant Land $795 inc GST plus Disbursements


Please note Conveyacers are able to practice in every state except Queensland.
 
I paid $1386 plus searches gst incl. to lawyer in qld. they were fantastic, lots of phonecalls from them to make sure all was correct and included a name change on contract along with change to purchase price. would use again.
 
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