News & Insights

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.

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.

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

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.