Commercial building
  • 27 Nov 2024
  • 2 min read
  • By the REIQ

Seller disclosure - major changes to sales transactions coming in 2025

Seller disclosure, Queensland property

Queensland’s new seller disclosure regime brings sweeping updates to disclosure requirements, contract essentials, and preparation protocols. Mistakes could mean contract terminations, loss of commission or even legal and financial risks.

This regime applies to the sale of both residential and commercial property in Queensland.

Join the REIQ at one of our Law Reforms Roadshow events across Queensland to receive vital updates on seller disclosure. Find your nearest event here.

Overview

From 1 August 2025, a seller will be required to provide a disclosure statement and prescribed certificates in relation to the property they are selling, to a prospective buyer before a contract of sale is signed by the buyer. 

There are specific requirements for how the disclosure documents must be prepared, what must be included and how it must be given to the buyer.   

In Queensland, real estate professionals are permitted to prepare and exchange the disclosure documents on behalf of their client (the seller).

There are some limited exceptions that apply to specific property transactions. 

The buyer may be entitled to terminate a contract of sale any time before settlement if the disclosure documents are not provided correctly, or there is a mistake or omission that relates to a material matter, which the buyer was not aware of and had they been aware, they would not have entered into the contract.

Want to learn more? Join one of our Law Reforms Roadshow events.

Read more about property law changes in Queensland.

REIQ members can find more information about the seller disclosure regime in our toolkit.

Or read more news and updates here.

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