Big news for Queensland property: A new law is coming that will change how houses and businesses are sold!

The key change is a mandatory seller disclosure regime. This means sellers must provide a detailed report about the property to potential buyers before a sales contract is signed. This report will include things like:

• Property details: Any issues with the structure, plumbing, or other aspects of the property.
• Important documents: Certificates and other official documents related to the property.

What does this mean for real estate agents?

Real estate agents will be responsible for helping sellers prepare and share these disclosure documents.

What does this mean for buyers?

This new law is designed to give you more information upfront so you can make informed decisions about buying a property. If the seller misses something important in the disclosure, you may even be able to back out of the sale before it's finalized.