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Asset Legal

QLD based Property & Commercial Law Firm

04/09/2026

If you're selling and think your buyer pool might include someone from overseas, this is worth knowing.

The federal ban on foreign persons buying established homes in Australia has just been extended; it now runs until 30 June 2029, beyond its original end date.

This means most foreign buyers (including temporary residents) still can't purchase an existing home in Australia.

They're generally limited to new builds, off-the-plan properties, and vacant land, with only limited exceptions.

It doesn't stop a sale from happening, but it can affect who's eligible to buy - and what approvals they need before signing.

If you're dealing with an overseas buyer (or you are one), we can help make sure your contract accounts for it properly.

✉️ [email protected]

03/09/2026

There's never a shortage of headlines predicting what's next for the property market.

👀 One day it's booming, the next it's cooling off.

While no one can predict the future with certainty, there's little doubt the market has softened since the Federal Government's June budget introduced sweeping tax reforms affecting residential property investment.

We've seen many investors adopt a wait-and-see approach while they work out what the new rules mean for them.

Combine that with rising holding costs and general economic uncertainty, and it's no surprise conditions have shifted. National auction clearance rates fell below 50% in July, which tells its own story.

We're now seeing the average time on market in Queensland jumping from 24 days in March to 46 days in June.

02/09/2026

Spring officially kicks off the busiest property season of the year across Queensland and New South Wales (typically).

But after a much more measured start to the year, (thanks to recent 'rate bites' and global economic uncertainty) what can we expect from the season known for new beginnings..?

While we lack a crystal ball, we're seeing less rushing and more caution, with opportunity for those who are well prepared.

Consumer confidence is improving. The Westpac-Melbourne Institute Consumer Sentiment Index rose 4.1% month on month, and the 'time to buy a dwelling' index rose 5.3%.

Though both remain well below long-run averages.

Buyers are entering the market cautious, price sensitive, and better informed.

☎️ (07) 3062 9453

✉️ [email protected]

A few considerations if you're in the market at the moment.QLD: (07) 3062 9453NSW: (02) 9060 3753✉️ admin@assetlegal.com...

27/08/2026

A few considerations if you're in the market at the moment.

QLD: (07) 3062 9453
NSW: (02) 9060 3753

✉️ [email protected]

26/08/2026

Tanya, this absolutely made our day 🙏

Thank you for trusting us again, and congratulations on your new home!

25/08/2026

The timing of your settlement funds depends on how your property settles.

If the settlement is done electronically, you can usually expect your funds within a few hours. For manual (paper) settlements, it typically takes around 3 business days.

We prefer to settle electronically as it ensures faster access to your funds. However, if the buyer’s lawyer or conveyancer isn’t able to settle electronically, then a manual settlement may be required.

QLD: (07) 3062 9453
NSW: (02) 9060 3753

✉️ [email protected]

24/08/2026

In practice, you'll be asked to verify your identity before we act on your matter - a bit like opening a bank account.

We may also need to understand things like the source of funds for your purchase.

The reforms exist to make it harder for criminals to launder money through property - and every firm now has to follow the same steps.

A couple of things that help:
→ Have your ID ready when you engage us
→ Expect a few extra questions early on
→ Know that it's now standard across the board, not just us

We'll guide you through it and keep it as painless as possible. It's just part of looking after you properly.

QLD: (07) 3062 9453
NSW: (02) 9060 3753

19/08/2026

A BIG Happy Birthday to our legal practice director, Jake! 🎉

14/08/2026

Here's how we work 👇

When you're buying, send us the contract before you sign. We'll review it in detail, flag any concerns, and explain what you're agreeing to.

That way, you can negotiate from a position of knowledge - not hope.

Too often, buyers sign first and ask questions later. By then, you're locked in.

A contract review takes a day or two. Peace of mind lasts a lot longer.

QLD: (07) 3062 9453
NSW: (02) 9060 3753

✉️ [email protected]

13/08/2026

One of the first things we’ll remind you after signing a contract 👉 ORGANISE INSURANCE!

From 5pm the next business day, the property is at the buyer’s risk.

If disaster strikes before settlement, you could still be liable.

Insurance protects you, keeps your rights intact, and often it’s a lender requirement too.

Address

Lobby 1, Level 2, 76 Skyring Terrace
Newstead, QLD
4006

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+61730629453

Website

https://assetlegal.com.au/

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