Big changes are coming to Queensland property! From August 1, 2025, Gold Coast buyers will enjoy much better protection thanks to new seller disclosure laws. Our team of award winning mortgage brokers wants to help you understand what this means for your property journey.
What’s Changing for Varsity Lakes and Gold Coast Buyers?
The new Property Law Act 2023 introduces Queensland’s first mandatory seller disclosure regime, requiring sellers to provide a comprehensive disclosure statement before you sign any contract. This is huge news – Queensland has never had formal seller disclosure requirements before!
What Sellers Must Tell You:
- Known building defects and structural issues
- Flood history and environmental concerns
- Pool safety compliance certificates
- Heritage listings or government notices
- Body corporate information for units
- Any QBCC or council notices affecting the property
How This Helps Your Purchase Decision
Buyers now get termination rights if required information isn’t provided or proves materially inaccurate. No more nasty surprises after settlement! Our team of experienced mortgage brokers can help you understand these disclosure documents and what they mean for your financing.
The days of “buyer beware” are ending. Sellers must provide Form 2 Seller Disclosure Statements with supporting certificates before you even sign, giving you crucial information upfront.
Expert Guidance Through the Changes
As award winning professionals, we’re staying on top of these legislative changes to better serve our Gold Coast clients. The new laws aim to create transparency and consumer protection – great news for buyers who’ve been doing all the detective work themselves!
Our team in Varsity Lakes and across the region can help you navigate both the new disclosure requirements and secure the right financing for your Queensland property purchase.
Ready to benefit from these buyer-friendly changes? Contact our knowledgeable mortgage brokers today!
Arranging finance can be stressful, especially with some lenders now taking extra steps including going through your living expenses and credit scoring (ouch!). And sometimes banks can make you feel like ‘just a number’. That’s why we want to do things differently: because you deserve better.
As a local family-owned business, our team takes the time to listen, answer your questions and make getting your home, car or equipment loan as easy as possible.