Buying & Selling Guides
Expert advice and step-by-step guides to help you navigate the Australian property market with confidence.
How Auctions Work
Everything you need to know about buying at auction, including registration, bidding strategies, and what happens on the day.
Understanding Cooling-Off Periods
Learn about cooling-off periods by state, when they apply, and how to waive them if needed.
What Does "Under Offer" Mean?
Understanding property statuses and what they mean for buyers looking to make an offer.
Off-Market Properties Explained
What are off-market properties, how to find them, and the pros and cons of buying off-market.
First Home Buyer Guide
A complete guide for first-time buyers including grants, schemes, and tips for entering the market.
Building & Pest Inspections
Why inspections matter, what they cover, and how to understand inspection reports.
Cooling-Off Periods by State
Cooling-off periods give buyers time to reconsider after signing a contract. Note: Cooling-off does NOT apply to auction purchases.
| State | Period | Penalty to Exit |
|---|---|---|
| NSW | 5 business days | 0.25% of purchase price |
| VIC | 3 business days | $100 or 0.2% (whichever is greater) |
| QLD | 5 business days | 0.25% of purchase price |
| WA | No statutory cooling-off | N/A |
| SA | 2 clear business days | $100 |
| TAS | No statutory cooling-off | N/A |
| ACT | 5 business days | 0.25% of purchase price |
| NT | 4 business days | N/A |
Still have questions?
Our guides cover the essentials, but every situation is unique. Connect with a local agent for personalized advice.
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