How to Use the 5-Day Cooling-Off Period to Avoid a Bad Property Deal | NSW & QLD Rules

🚨 DOWNLOAD OUR FREE COOLING-OFF PERIOD CHECKLIST HERE: [LINK]

Thinking of buying property in Australia? The 5-day cooling-off period could save you from a financial disaster—but only if you know how to use it correctly. In this video, we break down everything you need to know about the cooling-off period in New South Wales (NSW) and Queensland (QLD), including key differences, common traps, and exactly what to do during those 5 critical days.

🔍 In this video, you’ll learn:

0:00 – Introduction: Your Legal “Safety Net”
1:45 – What is a Cooling-Off Period & Why It Matters
3:20 – NSW Rules: 5 Business Days & the 0.25% Penalty
5:10 – QLD Rules: Key Differences & How Time Starts
6:45 – Exceptions: When You DON’T Have a Cooling-Off Period
8:30 – The Section 66W Certificate (NSW) & Waivers (QLD)
10:15 – Your 5-Day Action Plan: Inspections, Finance, Legal Review
13:00 – How to Withdraw Correctly (Without Losing Your Deposit)
15:20 – The Risks of Waiving Your Cooling-Off Period
17:00 – Why a Conveyancer Is Essential
18:30 – Final Advice & Next Steps

⚠️ Warning: If you don’t understand the cooling-off period rules in your state, you could lose your deposit or be stuck with a property you can’t afford or don’t want. This is especially important for buyers in Sydney, Brisbane, Melbourne, and across Australia.

📄 Relevant Legislation:

NSW: Conveyancing Act 1919

QLD: Property Occupations Act 2014

👉 Want professional help? Always consult a licensed conveyancer or property lawyer before signing any contract.

📌 FREE RESOURCES:

Cooling-Off Period Checklist

First Home Buyer Guide

Conveyancer Questions Cheat Sheet

💬 Got questions? Drop them in the comments below! We read every one.

👍 If you found this helpful, please LIKE, SUBSCRIBE, and SHARE with someone buying property in Australia.

📢 Disclaimer: This video is for educational purposes only and does not constitute legal or financial advice. Always seek professional advice tailored to your situation.

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