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due diligence clause clause in Australian property contracts

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#1New South WalesSpecial ClausesStrong match

Due Diligence Clause

The Essential Guide to the Due Diligence Clause in a New South Wales Property Contract

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#2QueenslandSpecial ClausesStrong match

Due Diligence Clause

Master the Due Diligence Clause in a Queensland Property Contract

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#3VictoriaSpecial ClausesStrong match

Due Diligence Clause

Understanding the Due Diligence Clause in Your Victoria Property Contract: Protect Your Investment

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#4QueenslandSpecial Clauses

Guarantor Clause

Understanding the Guarantor Clause in a Queensland Property Contract: A Buyer's Guide

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#5Australian Capital TerritorySpecial Clauses

Sunset Clause

Understanding the Sunset Clause in your Australian Capital Territory Property Contract

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#6Northern TerritorySpecial Clauses

Sunset Clause

Understanding the Sunset Clause in a Northern Territory Property Contract: A Guide for Buyers

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#7QueenslandSpecial Clauses

Sunset Clause

Navigating the Sunset Clause in a Queensland Property Contract

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#8South AustraliaSpecial Clauses

Sunset Clause

Understanding the Sunset Clause in South Australia Property Contracts: What Every Buyer Needs to Know

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#9TasmaniaSpecial Clauses

Sunset Clause

Understanding the Sunset Clause in Your Tasmania Property Contract: A Guide for Buyers

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#10VictoriaSpecial Clauses

Sunset Clause

Victoria's Sunset Clause: Understanding Your Buyer's Risk in Section 32 / REIV Contracts

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Search Summary

Found 77 relevant pages. The strongest matches explain what “due diligence clause clause” means, where the buyer risk sits, and how the clause plays out in real contracts.

Frequent Risk Signals

• Strict time limits: Due diligence periods are strictly enforced in New South Wales, typically lasting only 7 to 14 days, and missing your deadline by even one minute entirely waives your right to terminate the agreement.
• Loss of the initial deposit: If you rely solely on the standard statutory cooling-off period rather than a properly drafted Due Diligence Clause, pulling out of the Contract for Sale will cost you a penalty of 0.25% of the purchase price (for example, a $2,500 penalty on a $1 million home).
• Vague wording loopholes: If the clause simply states "subject to due diligence" without defining exactly what constitutes an unsatisfactory result, the vendor may legally challenge your termination, leading to a costly legal dispute.
• Limited scope of investigations: A poorly drafted clause might only cover physical building defects, leaving you exposed to immense buyer's risk if you later discover unapproved council structures, flood zones, or restrictive land easements.
• Vendor's right to fix: Some clauses grant the vendor the right to repair the discovered defects rather than allowing you to cancel immediately, which can delay settlement by months and force you to accept subpar, rushed repair work.
• Notice requirement failures: New South Wales property law requires written notice of termination to be served exactly as specified in the contract; an informal email or text message to the real estate agent will not legally terminate the contract.