What are the significance of conveyancing?

Conveyancing is the quasi-legal process of transferring ownership of a property from one person to another.

I say "quasi-legal" because in truth, the conveyancing process is mostly an administrative task (only about 20% of the work requires any real legal expertise).

This may sound simplistic but nevertheless it is accurate; "The primary objective of conveyancing is to make sure buyers are buying what they think they're buying" - That really is the core of the matter and why conveyancing is significant (certainly with regard to the purchase of a house).