News & Insights

Buying or selling property in Queensland now involves a few more questions than usual, and there is a brand-new legal reason behind it. From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing framework expanded to include the real estate and legal sector. Known as the "Tranche 2" reforms, these changes legally require conveyancers, solicitors and real estate agents to conduct formal identity and source-of-funds checks before acting on a property tr

From 1 January 2027, all Queensland homes, including owner-occupied properties, must meet strict smoke alarm requirements: photoelectric, interconnected alarms in every bedroom, hallway, and level, powered by hardwiring or a 10-year battery. Compliance impacts safety, legal obligations, and property transactions, so homeowners should review, upgrade, and retain evidence of alarms well before the deadline to avoid risk and delays.

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.

Buying property off the plan in Queensland can offer early access and potential savings, but it carries legal risks, particularly around sunset clauses. A sunset clause allows a contract to be terminated if settlement is delayed. New laws from 22 November 2023 restrict when developers can use these clauses for vacant land, strengthening buyer protections. Independent legal advice is essential before signing.