The obligation for sellers of property to provide a Form 2 Seller Disclosure Statement came into effect from 1 August 2025. This has brought significant change to Queensland’s property landscape. Sellers must now provide a mandatory disclosure statement and key documents before a contract is signed (for example title searches, body corporate records and other searches).
At Wakerley Legal, we’re seeing early signs of both clarity and caution in the market. Buyers are welcoming the transparency, with fewer surprises arising during due diligence. Meanwhile, sellers are realising the importance of getting their paperwork right from the outset. Failure to comply can now lead to contract terminations.
We’re also noticing real estate agents and conveyancers working more collaboratively to ensure compliance. The regime has prompted informed conversations at the listing stage and tighter document management.
While the new requirements add upfront work and cost for sellers, the payoff is a more confident transaction process. Our advice? Sellers should engage legal help early, ideally before listing, to prepare accurate disclosure packs. It’s the best way to avoid delays and preserve the deal.
In our view, the new regime signals a positive shift with transparency now being the standard.