News & Insights

When buying or selling a unit or townhouse in Queensland, statutory warranties are a critical part of the contract under the updated REIQ Contract (August 2025). These legally binding promises about the body corporate are separate from the Seller Disclosure Statement and cannot be avoided. Errors or omissions may allow buyers to terminate or claim damages, making early, accurate disclosure essential.

Specific performance is a court-ordered remedy requiring a party to carry out their contractual obligations, rather than paying damages. It is commonly used in property disputes where land is unique and money may not be adequate compensation. This article explains when specific performance applies, when courts will grant it, what must be proven, alternative remedies, possible defences, and why early legal advice is essential.

Queensland’s property industry slows significantly over the Christmas shutdown from 25 December 2025 to 1 January 2026. This year, delays are more likely due to the new Seller Disclosure Statement (Form 2), which requires additional documents before a contract can be signed. Reduced availability at councils, banks, search providers and the Titles Office can affect turnaround times. Buyers and sellers planning transactions in December or January should seek legal advice early

Breaching a residential property contract in Queensland can lead to serious consequences, including loss of deposit, damages, or legal action. Whether you're a buyer or seller, your rights and remedies depend on the terms of your contract, especially under the standard REIQ form. If you're at risk of breach, it's essential to act quickly: review your contract, seek an extension if needed, and communicate through your solicitor to protect your interests.