News & Insights

This guide explains what a settlement statement is in conveyancing and how settlement adjustments are calculated for property transactions. It covers plus and less adjustments, rates, water and sewerage, body corporate levies, rental adjustments, and negotiated deductions, helping buyers and sellers understand settlement figures and avoid surprises at settlement.

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.

Whether you're buying your first home or selling an investment property, the conveyancing process can feel like a complex maze of legal documents, deadlines and fine print written in another language. Over our 40+ years of service throughout Queensland, we’ve seen how small oversights can lead to costly delays, lost properties and extensive (and expensive) litigation. Let's explore five of the most common pitfalls we see property transactions, and how to avoid them.

Many property purchases in Queensland will include a standard finance clause. Let's break down what it is and why you need it.

Buying a property is a big step, and transfer duty can be a high upfront cost. The good news is that eligible buyers may qualify for concessions or exemptions. Here’s a straightforward guide to how Queensland transfer duty works and what to check before you buy.