From 11 October 2021 there will no longer be any paper Certificates of Title issued AND existing Certificates of Title will be cancelled. That’s right – the NSW government is going paperless!
The NSW government has advised that removing the need for paper Certificates of Title to settle a property purchase is the final step for conveyancing in NSW to become completely digital. This will reduce the risk of errors and fraud in the conveyancing process and make things more efficient.
What does this mean?
Sellers and Buyers will no longer be able to act for themselves and will need a lawyers or conveyancer to complete property transactions.
When listing a property for sale a Title Search will be needed rather than a Certificate of Title.