Seller Disclosure: Empowering Buyers

How the New Seller Disclosure Regime Empowers Buyers in QLD

The upcoming changes to Queensland’s property laws mark a significant shift in favor of buyer protection. By mandating comprehensive disclosures, the new regime ensures buyers are better informed before committing to a purchase.

Buyer Benefits:

• Increased Transparency: Buyers receive a full picture of the property’s legal and physical status BEFORE they sign a contract thanks to the new seller disclosure laws in QLD.
• Right to Terminate: If the seller fails to provide accurate or complete disclosures, buyers may be able to terminate the contract at any time up until settlement.
• Standardised Information: The Form 2 Seller Disclosure Statement ensures consistency across transactions, reducing confusion and risk.

Empowering Informed Decisions:

Buyers will now be able to assess risks such as zoning restrictions, environmental issues, or unresolved building notices before signing a contract. This reduces the likelihood of post-sale surprises and legal disputes. The reforms align Queensland with other Australian jurisdictions that have long required pre-contractual disclosures from sellers, promoting fairness and confidence in the market. Although the new seller disclosure regime does not start until 1 August 2025, buyers should anticipate that Seller Disclosure Statements may become available in mid-late July 2025 as sellers prepare their properties for sale.