What is a real estate purchase agreement?
A real estate purchase agreement (contract of sale) is the legal document that sets out the purchase price, settlement date, and conditions when a property is sold from one party to another.
Property & Rental
Real Estate Purchase Agreement
Generate a contract of sale for real estate in Australia, covering purchase price, cooling-off rights, and settlement terms consistent with state and territory conveyancing law.
- Create a residential property purchase contract
Generate a contract of sale for a residential property at [Property Address] between [Seller Name] and [Buyer Name] for a purchase price of [Price], including a cooling-off period and standard settlement terms for [Australian State/Territory].
- Create a purchase contract with finance and inspection conditions
Generate a real estate purchase agreement for [Property Address] between [Seller Name] and [Buyer Name] that includes a special condition making the sale subject to the buyer obtaining finance and a satisfactory building and pest inspection.
- Create a commercial property purchase agreement
Generate a commercial property purchase agreement for [Property Address] between [Seller Name] and [Buyer Company Name], covering purchase price, GST treatment, and settlement conditions.
Real Estate Purchase Agreement Generator (Australia)
A real estate purchase agreement, commonly called a contract of sale of land in Australia, is the legal document that sets out the purchase price, settlement date, and conditions when a property changes hands, governed by conveyancing legislation that varies by state and territory. This free Australian real estate purchase agreement generator produces contracts for residential and commercial property sales, reflecting standard inclusions such as the cooling-off period available to residential buyers in most states, special conditions (such as finance or building and pest inspection clauses), and settlement and adjustment terms. It is designed for Australian buyers, sellers, and small agencies who want a clear starting point before engaging a conveyancer or solicitor to finalise the transaction. The generator lets you specify the purchase price, deposit amount, settlement period, and any special conditions relevant to the sale. Use it to document the essential terms clearly, while still having a conveyancer or solicitor review the contract before exchange.
Frequently asked questions
What is a cooling-off period in Australia?
In most Australian states and territories, residential buyers have a short cooling-off period after signing during which they can withdraw from the contract, usually subject to a small penalty, though rules and exceptions (such as auction sales) vary by jurisdiction.
What are common special conditions in an Australian property contract?
Making the sale subject to the buyer obtaining satisfactory finance, a building and pest inspection, or in some cases the sale of the buyer's existing property.
What happens at settlement?
Settlement is when the balance of the purchase price is paid, legal title transfers to the buyer, and the buyer takes possession, typically coordinated by each party's conveyancer or solicitor.
Does GST apply to a property purchase in Australia?
Generally, sales of established residential property are GST-free, while new residential premises and commercial property sales may attract GST, so the contract should specify GST treatment.
Do I need a conveyancer or solicitor for a property purchase in Australia?
While not always legally required, using a conveyancer or solicitor is strongly recommended to review the contract, conduct title searches, and manage settlement, given the significant value and legal complexity involved.