Settlement is the legal completion of a property purchase — the moment when the title officially transfers from seller to you, and your lender funds the purchase. In Australia, settlement now occurs electronically via PEXA. You don't attend in person.
No — settlement in Australia is now almost entirely electronic via PEXA. Simply be available by phone. Your real estate agent will contact you once settlement is confirmed to arrange key handover.
Most settlements are scheduled between 10am and 3pm on a business day. Your conveyancer will tell you the expected time.
Yes — once you have the keys (usually 1–2 hours after settlement), the property is legally yours. Many buyers arrange removalists for the afternoon of settlement day.