Selling an Apartment or Unit Privately in Sydney

Under the Strata Schemes Management Act 2015, you must attach strata searches and a Section 184 Certificate (detailing levies and common property) to the contract. A direct private sale halts portal history, keeping your unit off public databases.

Buyers of strata properties inspect building defect reports and the capital works fund (formerly sinking fund) balance. If a strata scheme has low funds or outstanding building defects, buyers may negotiate discounts. Direct off-market buyers like ROAME Australia conduct their own strata records review, making transactions quick and transparent.

Staging small units for public viewings is expensive. ROAME Australia purchases strata units off-market in "as-is" condition, eliminating staging and photography costs.

Selling apartments, units, or townhouses in Sydney requires compliance with the Strata Schemes Management Act 2015 (NSW). Before contract exchange, the buyer's representative will request a Section 184 certificate. This certificate lists all outstanding strata levies, the balance of the admin and sinking funds, and whether any special levies have been voted on to fund structural building defects or fire safety upgrades.

Additionally, under s109 of the Home Building Act 1989 (NSW), owners must provide home building compensation insurance certificates if residential building works exceeding $20,000 were completed within the last 6 years. Direct off-market buyers inspect properties in "as-is" condition, allowing you to bypass these compliance delays.

Conveyancing procedures differ significantly between Torrens Title properties (such as freestanding houses and terraces) and Strata Title properties (such as townhouses and apartments). Torrens Title transfers involve sole ownership of the land and building, requiring careful inspection of boundaries and easements.

Strata Title transfers involve buying a lot within a larger scheme, where you own the interior space but share ownership of common property. Your conveyancing representative must review strata levies and by-laws under the Strata Schemes Management Act 2015 to protect you from unexpected repair bills.

All property sales in New South Wales must follow the Conveyancing Act 1919 (NSW). This rule applies directly to your transition involving dwelling type transactions.

Sellers must attach specific documents to the Contract of Sale before advertising. These documents protect both parties.

For relationship separations, transfers comply with the Family Law Act 1975. For deceased estates, executors must obtain probate under the Succession Act 2006. The final transfer is settled securely online.

Property settlements in New South Wales must complete electronically. Conveyancers coordinate the transaction securely in the PEXA digital workspace. This workspace links banks, solicitors, and the land registry.

Funds are wired in real time. Outgoing mortgages are paid off instantly. The remaining cash goes directly to the seller's account. Title transfer occurs at the same time, ensuring total transaction safety.