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Building and pest inspections are not just recommended they are essential. Changes in consumer protection and building regulation mean buyers must be more proactive than ever. NSW Building Oversight In NSW, oversight sits with NSW Fair Trading. Stronger defect reporting and developer accountability measures have increased transparency, particularly in strata buildings. However, responsibility for inspection still rests with the buyer. Queensland Building Regulation In QLD, bu

Property purchases can go wrong quickly when legal details are overlooked. Here are five common pitfalls and how to avoid them. 1. Not Reviewing the Contract Before Signing In NSW, contracts fall under the Conveyancing Act 1919. In QLD, they operate under the Property Law Act 1974. Once signed, you are legally bound. Solution: Always seek legal review before signing. 2. Missing Finance Deadlines Finance clauses are time-sensitive. Failure to notify within the deadline may voi

Buying property now involves more than signing contracts and arranging finance. Anti-Money Laundering (AML) compliance is a critical part of the process. These checks are not optional they are required under Australian law. The Legal Basis for AML Checks AML requirements are governed by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and monitored by AUSTRAC. These laws aim to prevent: Criminal funds entering the property market Identity fraud Terrorism fin