News & Insights

A delayed settlement can have legal and financial consequences, including default interest, compensation claims or contract termination, even if caused by banks or third parties. Common causes include finance and valuation issues, paperwork errors, final inspection problems and linked transactions. In Queensland, REIQ contracts allow limited unilateral extensions and automatic short extensions for late signing, making early legal advice essential if timing is critical.

If you're in the market for a new home but haven’t sold your current property, you may be wondering if it's possible to buy before selling, and how to navigate such a transaction smoothly. If you’re facing the decision to buy before selling, there are a few strategies that can help ensure the transaction works in your favour.