A new era of selling property in Qld will soon be upon us!!!
It is called the new Seller Disclosure Regime and it starts 1 August 2025: https://www.linkedin.com/posts/despina-priala-7abb4044_prialalegal-contracts-sellerdisclosure-activity-7338411498630692866-hGj0?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAlsTHMB1x3Yj9-rTqerJjRdAa1b1F9tWf4
This regime reflects the biggest overhaul to Qld property laws in 50 years: https://youtu.be/3KUkJbXkbuk?si=NKCzZOoP2Ae2G0B_
It will be a significant departure from the past for owners of property wanting to sell and new processes and rules will be implemented.
Being a member of the Qld Law Society's Property and Development Law Committee, I understand at the coalface the practicalities of the new regime that will commence. Priala Legal will be well positioned to work with all owners of property and selling agents to best assist them moving forward.
A few law firms have already promoted their new costs that will apply to this new regime. We believe this is premature as external service providers are still yet to provide their own new costings for the new searches that must be obtained. We will be announcing a new process and fee structure following 1 July when all relevant search costings will be properly disclosed by relevant providers.
In the lead up to Friday 1 August, the biggest issue will be for agents to come up with a plan for the signing of contracts. Noting the new regime means:
1. A new contract cannot be entered into by the buyer without being given the new seller disclosure statement first with the prescribed certificates and searches completed; and
2. The new seller disclosure statement cannot actually be used until 1 August; and
3. Sellers will need evidence the buyer has actually received the seller disclosure statement before a contract of sale is given. This will prove interesting when it is not a requirement under the new legislation for a buyer to actually sign the disclosure statement.
Thus, agents and sellers will need to be mindful of their practices in the days leading up to 1 August and if both parties have not yet signed a contract by 31 July, it may need to be postponed with the new regime kicking in until 1 August.
We have prepared a power point presentation for agents and are happy to arrange a time to come out and meet with your team prior to 1 August 2025. Please give our office a call to discuss and arrange.
If you are a seller, we are also happy to discuss with you what this regime means.
For all our existing clients who are about to place their property on the market, please ring us ASAP as we need to discuss steps to be taken between now and 1 August 2025 for you. We have your best interests at heart.
The Qld Law Society has issued a publication about the background to the new regime for those who wish to delve deeper into the new laws, a copy is provided in this link: QLS Seller Disclosure in Queensland Information
Posted By despina-priala
Despina Priala has practised in property and commercial law on the Gold Coast for over 25 years and has extensive experience in this area.
Updated : 7th July 2025 | Words : 488 | Views : 236
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