11/11/2025
The majority of contracts in NSW are exchanged with a cooling off period, commonly 5 or 10 business days and is for the benefit of the purchaser.
The cooling off period starts from the date the contract is exchanged and finishes at 5pm on the last day of the agreed period.
During the cooling off period you may have some or all of the following completed:
- Pest & building inspection
- Strata records inspection
- Contract reviews and any amendments agreed
- Unconditional loan approval
When you are satisfied with the above and happy to proceed, you will be required to pay the balance of the deposit. Once the cooling off period has expired, the contract will become unconditional.
For more information on the cooling off period, or to find out how else we can help you, give us a call today on 02 4735 3982 or email [email protected]