Is there a cooling-off period for purchasers of rural land?

The very easy answer is “no”. The Conveyancing Act only provides mandated cooling-off periods for the sale of residential property. However, if a purchaser required a cooling-off period for rural land or any other type of property purchase such as industrial, commercial or retail property, then this is a negotiation point between the vendor and the purchaser.

Rosy Sullivan | College Principal & Director
Australian College of Professionals - RTO 91513.
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