What are my disclosure obligations as a seller?

In Queensland the Sellers obligation to disclose matters in relation to the property are relatively minimal compared to States such as Victoria and New South Wales. This will make the contract much easier to complete and also means you do not always have to have a conveyancing lawyer draft your contract for you. There are however matters you must disclose to a buyer when you enter a contract and you may want to consider having the contract drafted or reviewed by a conveyancing lawyer to ensure you comply with those disclosure requirements. Failing to comply with disclosure requirements under the contact can give the buyer a right to get out of the contract or claim money from you before or after settlement if you do not meet your disclosure requirements.