Need to know
Get a handle on the basics. We’ve put together a list of essential reading so you can get all the most important facts quickly.
Buying or selling property and land, this is a great place to start.
Deposit information – QLD
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...
Deposit information – NSW
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...
Deposit information – VIC
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...
Cooling Off Information – QLD
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...
Cooling Off Information – NSW
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...
Cooling Off Information – VIC
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...