Property law seize your advantage: Master seller disclosures

A Practical Consideration of The Property Law Act 2023: Sellers Disclosure

It is no secret that Queensland's Property Legislation has been in need of face lift for some time. It unfortunately took a COVID pandemic, an inflated and highly competitive property market as well as countless unconditional contract horror stories, but change is now here. The Property Law Act 2023 (Qld) is being marketed to represent a significant overhaul of some of Queensland's oldest and most outdated property provisions. The rationale behind the facelift, being to modernise property transactions in Queensland through the fostering of greater transparency for all parties involved. Whilst this all sounds great in theory, many of us in the industry remain sceptical as to whether these changes will convert to their desired results in practice. This series will unpack the forthcoming changes on a practical day to day level, and consider the implications, challenges, and outcomes that these