What You Need to Know About Cooling Off Periods When Buying Property

overview.

Cooling-off periods, state by state. Dad explains what a cooling-off period actually gives you, how it differs across the country, South Australia's quirk, and why an auction changes the rules entirely.

Dad — John Kefalianos, finance broker and property developer — explains cooling-off periods, which differ in every state, and where there's none at all.

"A cooling-off period is a safety net, not a guarantee. Know how long yours is before you sign, because it is not the same everywhere."

John Kefalianos

what you'll learn.

• What a cooling-off period actually lets you do
• How the rules differ across each state and territory
• South Australia's unique process
• Why buying at auction usually means no cooling-off at all

Prefer to read? Grab the free first home buyer guides.

part of: the buying process guide.

chapters.

Tap a chapter to jump the video to that point.

1. 00:00 Introduction
2. 00:47 New South Wales Calling Off Period
3. 02:15 Victoria's Calling Off Period
4. 03:56 Queensland's Calling Off Period
5. 05:27 South Australia's Unique Process
6. 06:50 Northern Territory Calling Off Period
7. 07:41 Tasmania and WA: No Calling Off Period
8. 09:56 Buying at Auction
9. 10:17 Conclusion

links Nicola & John mentioned.