A deposit is paid by you when you purchase a property. In Queensland, this can be any amount from NIL to 10% of the purchase price and the total amount may be split into an initial and balance deposit. The deposit will be held by the deposit holder noted on the...
A deposit is paid by you when you purchase a property. In New South Wales, this is 10% of the purchase price unless otherwise agreed between you and the seller. The deposit will be held by the deposit holder noted on the contract (this is the agent or seller’s...
A deposit is paid by you when you purchase a property. In Victoria, the standard deposit is 10% of the purchase price (negotiable) and the total amount is often split into an initial and balance deposit. The deposit will be held in the trust account of seller’s real...
A cooling off period gives you time to cancel the contract if you change your mind. In Queensland, the period is 5 standard business days and starts when you or your representative receives the contract signed by both you and the seller. You can choose to waive your...
A cooling off period gives you time to cancel the contract if you change your mind. In New South Wales, the period is 3 clear business days and starts when the contracts have been exchanged. You can choose to waive your right to cool off or to shorten the period. If...
A cooling off period gives you time to cancel the contract if you change your mind. In Victoria, the period is 3 clear business days and starts when you sign the contract (not the date the seller co-signs). Clear excluding the day you sign. Business days excludes...
