Settlement Period
nounset·tle·ment pe·ri·odpronounced SET-əl-mənt PEER-ee-əd
Last reviewed 16 April 2026
What does the noun Settlement Period mean?
The time between when contracts are signed (exchanged) and when ownership of the property officially transfers to the buyer. Typically ranges from 30 to 90 days in Australia and is negotiable between buyer and seller.
How the noun Settlement Period is used
We negotiated a 60-day settlement period so we had enough time to sort our finance and organise the move without rushing.
Synonyms
settlement timeframe
Related words
Cite this entry
MLA citation: "Settlement Period." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/settlement-period. Accessed 29 May 2026.
Chicago citation: How to Property. "Settlement Period." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/settlement-period.
APA citation: How to Property. (2026, April 16). Settlement Period. https://howtoproperty.com.au/definitions/settlement-period