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ARTICLE · 27 JULY 2025

Buying or selling property? New requirements commence 1 August

Clifford Gouldson Lawyers
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The Seller Disclosure Statement contains a lot of information regarding the property.

AustraliaReal Estate and Construction
Amanda Tolson
Amanda Tolson
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The new Property Law Act 2023 (Act) commences next Friday, 1 August.

The Act requires sellers of any property/land in Queensland - residential, commercial, industrial, rural - to provide a buyer with a Seller Disclosure Statement before the buyer signs the contract. While there are some very limited exemptions from this requirement, those exemptions are unlikely to apply to the vast majority of property transactions that take place in Queensland on a daily basis.

The Seller Disclosure Statement contains a lot of information regarding the property and some searches must be provided to the buyer with the statement. If the statement is not given, or the contents of the statement are incorrect, the buyer may have a right to terminate the contract.

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