02/09/2026
π‘ Buying your first home in NSW? Don't get caught out by the cooling-off period!
Lots of first home buyers assume they've always got a few days to change their mind after signing a contract β but that's not always true.
β οΈ Did you know?
πΉ Some contracts have NO cooling-off period at all (like auctions, or if the right's been waived)
πΉ The standard cooling-off period in NSW is just 5 business days
πΉ Backing out during this period can still cost you a penalty
Don't leave it to chance β know your rights before you sign anything.
π Read our full guide on the cooling-off period here: https://www.sheridanlegal.com.au/conveyancing/cooling-off-period/
π Got a contract in front of you right now? Call us on (02) 6562 3300 before you sign β our conveyancing team is here to help.
Youβve found a property and are ready to sign. The agent reassures you: βDonβt worry, youβve got a cooling-off period.β But in NSW, that statement can be dangerously misleading. Cooling-off rights come with conditions β and they donβt apply in every situation.