Major Disclosure Changes Are Coming
If you’re thinking about selling your home in QLD, there’s a major legal update around the corner that could affect your sale, especially if you live here in Brisbane.
From 1 August, new property laws will roll out across Queensland. The most significant change is that sellers are now required to provide all essential disclosure documents to potential buyers before they sign a contract. Failure to do so, or providing incorrect information, could result in the buyer withdrawing from the sale, even at the last minute before settlement.
Not ideal, right?
Let’s discuss what’s changing and how it affects you if you’re planning to sell in Brisbane or nearby.
What’s the New Disclosure Law About?
The Queensland Government is introducing a new seller disclosure regime, which aims to make property sales more transparent. In short:
- Sellers must provide a disclosure statement and prescribed certificates to potential buyers before the contract is signed.
- These documents include details like easements, zoning, approvals, and other key facts about the property.
- If the disclosure documents are not accurate or complete, the buyer can cancel the deal, even after they’ve signed, right up until settlement.
The REIQ stated, “The buyer may be entitled to terminate a contract of sale any time before settlement if the disclosure documents are not provided correctly, or there is a mistake or omission that relates to a material matter…”
This applies to all residential and commercial properties in QLD, so whether you’re selling a family home in Brisbane, a townhouse in Logan, or an investment unit in Redcliffe, this affects you.
Why It Matters for Sellers
Most of us would agree that if a sale falls through after weeks of prep, marketing, and negotiations, it’s incredibly frustrating. These reforms are designed to reduce that risk by ensuring buyers get all the info upfront.
At Bold Property, we know firsthand that many contract fallovers happen when buyers discover unexpected details late in the process. This new regime aims to front-load the transparency, making things clearer from day one.
If you’re selling your home in QLD after the new laws kick in, having your disclosure documents sorted early is essential. Get it right, and you’ll reduce the chances of nasty surprises, last-minute cancellations, or legal headaches.
How We’ll Help You Stay Compliant
There’s no need to go it alone. In Queensland, real estate professionals (like us) are legally allowed to prepare and provide the disclosure documents on behalf of their clients. That means you’ll have expert guidance to make sure nothing gets missed.
We’ll make sure your documents:
- Meet all the legal requirements
- Include the right certificates and statements
- Are delivered to buyers in the correct format and timeframe
And most importantly, we’ll help ensure the sale process stays smooth and stress-free.
What If You’re Selling Before August?
If you're planning to sell before the new rules kick in, you won’t be bound by them. But if your timeline crosses into the reform period, it’s important to plan ahead. We’ll factor in all of that when mapping out your strategy.
Whether you're selling an investment property, downsizing, or just ready for a change, we’ll guide you through it with full transparency, and no pressure.
Contact us now to get started.