The new age in titles registration
As homeowners, we strive to pay off our mortgages and one day obtain a copy of our Title Deed, officially known as a Certificate of Title. That little bit of paper that says your castle is yours. Well not anymore.
The biggest change in Queensland property law in 50 years
Important Update: Changes to the Property Law Act 2023
The Property Law Act 2023 will commence tomorrow 1 August 2025, bringing significant reforms to conveyancing and property transactions in Queensland. These changes modernise the law, replacing the outdated 1974 Act, and introduce clearer processes for contracts, electronic conveyancing, disclosure obligations, and dispute resolution. For property conveyancing transactions, the new Act has significantly altered the disclosure obligations in a transaction, shifting the previous position of ‘buyer beware’ to a Seller disclosure position which is in line with the Southern States. This places significantly more risk on the Seller and contracts will now contain much more detail than was previously required. Buyers and sellers should be aware of the updated requirements as they impact not only contract preparation, but timeframes, and settlement procedures. These reforms aim to improve transparency and efficiency in property dealings for the benefit of all.
Evolution Legal are Queensland property law experts and can assist any buyer or seller of a property, or even commercial lease in Queensland to ensure compliance with the new laws. If you are looking to buy, sell or lease a property, call us so we can assist you and guide you in this new age.
