Changed Your Mind After Signing a Property Contract in QLD? Here’s What You Need to Know About the Cooling-Off Period

So you’ve signed a contract to buy a property in Queensland—but now you’re having second thoughts. Can you back out of it? In some cases, yes—but only if you act quickly.

In Queensland, most residential property contracts (excluding auctions) come with a 5 business day “cooling-off period.” This legal provision offers buyers a short window of time to reconsider their decision.

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