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How long does it take to receive money from a home sale?
["Harry O'Sullivan"]
YourMortgage.com.au
As a seller, settlement day is generally when you will receive the money, although there are some circumstances that can cause delays.
Important Information and Comparison Rate WarningImportant Information and Comparison Rate WarningHouse settlement payment timelineThere are a few phases between agreeing on a buyer and getting your money on settlement day.
Estimated settlement period NSW 6 weeks VIC 30-90 days QLD 4-6 weeks SA 30-90 days WA 30-90 days TAS 30-90 days NT 30-90 days ACT 30-90 daysHow long after settlement day do you get paid?
If you use an electronic settlement provider like PEXA, the funds generally will be released on settlement day.
All things going to plan, the money will appear in your account on settlement day, but there are several potential delays.