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The Wakelin Blog

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‘Cooling off’ rules across Australia for buyers during the coronavirus pandemic

‘Cooling off’ rules across Australia for buyers during the coronavirus pandemic

Buyer cooling off rules still apply during the Australian covid-19 crisis, even if there is a temptation to bend them. Here is a summary of state and territory rules in the Australian Capital Territory (ACT), New South Wales (NSW), Northern Territory (NT), Queensland (Qld), South Australia (SA), Tasmania (TAS), Victoria (Vic) and Western Australia (WA)

Buying property due diligence during coronavirus pandemic

Buying property due diligence during coronavirus pandemic

It remains possible during the covid-19 crisis for buyers to undertake all the usual prudent steps before signing a contract and finally taking possession of a property. A buyer must not let them self be bounced into skipping rungs on the ladder because an agent or counterparty grimaces and says it might be difficult.

How to buy property in a time of covid19

How to buy property in a time of covid19

Only buy Melbourne property during the coronavirus crisis if you feel secure in your job and/or have a pool of cash or other liquid assets as a safety net and life insurance.

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