Settlement
nounset·tle·mentpronounced SET-əl-mənt
Last reviewed 16 April 2026
What does the noun Settlement mean?
The final step in a property transaction where the buyer’s funds are transferred to the seller, the legal title is registered in the buyer’s name, and the keys are handed over. In most Australian states, this must happen electronically through a platform like PEXA.
How the noun Settlement is used
Settlement went through at 2pm on Friday — by 3pm the keys were in our hands and we were officially homeowners.
Synonyms
completion
Related words
Cite this entry
MLA citation: "Settlement." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/settlement. Accessed 29 May 2026.
Chicago citation: How to Property. "Settlement." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/settlement.
APA citation: How to Property. (2026, April 16). Settlement. https://howtoproperty.com.au/definitions/settlement