Yes, settlement day can be changed if both buyer and vendors agree. The request to change settlement date needs to be in writing via your conveyancer, a minimum 2 weeks prior to the original settlement date. You may be able to access the deposit earlier, if the buyer and bank both agree, via a Section 27. This is a written, detailed request from you (the vendor) to the buyers, requesting early access to the deposit. A bank letter is also required to confirm the request. The buyer has 28 days from when they receive the Section 27 to either accept or reject. If it’s accepted, the money is immediately released.
