Property Buying tips

These property buying tips explain the 6-step process RAM Properties uses to help buyers purchase houses, townhouses and house and land packages across South East Queensland. Rose Truong, founder of RAM Properties, guides buyers from the first brief through to settlement.

  • Best for first home buyers who want to use Queensland’s transfer duty concessions on a new home
  • Helps families comparing established homes with house and land packages in Logan, Ipswich, Brisbane and the northern Gold Coast
  • Helps buyers who prefer to discuss a purchase in Vietnamese, Cantonese or Mandarin as well as English
  • Helps buyers who want a trusted local adviser in South East Queensland from brief through to keys

How to buy a home in Queensland in 6 steps

The home buying process in Queensland follows six stages: Brief, Search, Get expertise, Shortlist, Secure and Exchange. RAM Properties supports buyers at every stage, from defining a budget to collecting the keys.

1. Brief

List your budget, suburbs and must-have features: bedrooms, bathrooms and parking. First home buyers should check Queensland’s $0 transfer duty on new homes (contracts from 1 May 2025) and the $30,000 First Home Owner Grant.

2. Search

Filter RAM Properties listings and house and land packages by location, price and features. Use the stamp duty and loan repayment calculators to check true costs before inspecting.

3. Get expertise

Rose Truong, founder of RAM Properties, advises on suburbs, pricing and negotiation. Rose speaks English, Vietnamese, Cantonese and Mandarin. RAM Properties connects buyers with independent mortgage brokers and licensed conveyancers.

4. Shortlist

Attend open homes, review comparable sales and order a building and pest inspection. Since 1 August 2025, sellers must provide a Form 2 Seller Disclosure Statement before you sign, covering title, zoning and rates

5. Secure

Make your offer subject to finance approval and a satisfactory building and pest inspection. Rose negotiates price, terms and timing on your behalf. At auction, the contract is unconditional — arrange pre-approval and inspections beforehand.

6. Settlement

In Queensland, a 5 business day cooling-off period runs from the day you receive the signed contract, ending at 5pm on day 5. RAM Properties tracks condition dates, final inspections and paperwork through to settlement.

Key Queensland buying facts at a glance

FactDetailSource
Cooling-off period5 business days on residential private treaty contracts, ends 5pm on day 5. No cooling-off at auction.qld.gov.au
First home buyer duty, new homeNil transfer duty for eligible buyers, contracts from 1 May 2025, no value capQueensland Revenue Office
First home buyer duty, established homeFull concession to $700,000, partial to $800,000Queensland Revenue Office
Seller disclosureForm 2 Seller Disclosure Statement required before the buyer signs, contracts from 1 August 2025qld.gov.au
First Home Owner Grant$30,000 for eligible new buildsQueensland Government

Frequently asked questions

 

How long is the cooling-off period when buying a house in Queensland?

The cooling-off period is 5 business days for residential private treaty contracts in Queensland. It starts the day you receive the contract signed by both parties and ends at 5pm on the fifth business day. Auction purchases have no cooling-off period. If you terminate during cooling-off, the seller can keep 0.25% of the purchase price.

Do first home buyers pay stamp duty in Queensland?

Eligible first home buyers pay no transfer duty on a new home, or on vacant land to build one, for contracts signed on or after 1 May 2025, with no value cap. For established homes, duty is nil up to $700,000 and phases out at $800,000. RAM Properties helps buyers structure a purchase around these concessions.

What is a Form 2 Seller Disclosure Statement?

A Form 2 Seller Disclosure Statement is a document Queensland sellers must give buyers before the buyer signs a contract, required since 1 August 2025 under the Property Law Act 2023. It discloses title, encumbrances, zoning and rates. If the seller fails to provide it, the buyer may have a right to terminate the contract.

Do I need a building and pest inspection when buying a home in Queensland?

Yes. A building and pest inspection identifies structural issues and termite activity before you are locked in. The Form 2 disclosure does not cover building defects or flood history. On a private treaty contract, make your offer subject to a satisfactory building and pest inspection.

Can RAM Properties help me buy a home if English is not my first language?

Yes. Rose Truong, founder of RAM Properties, speaks English, Vietnamese, Cantonese and Mandarin. Buyers can discuss budgets, contracts and negotiations in the language they are most comfortable with, and Rose explains each step of the Queensland buying process in plain terms.

How does RAM Properties help me buy a house in South East Queensland?

RAM Properties guides buyers through a 6-step process: Brief, Search, Get expertise, Shortlist, Secure and Settlement. Rose Truong advises on suburbs, pricing and negotiation, and connects buyers with independent mortgage brokers and licensed conveyancers. Listings cover Logan, Ipswich, Brisbane and the northern Gold Coast.

Should I talk to a conveyancer before signing a contract in Queensland?

Yes. A conveyancer reviews the contract and the Form 2 Seller Disclosure Statement before you sign, checks condition dates and manages settlement. RAM Properties connects buyers with licensed conveyancers so the legal review happens before you commit, not after.

Buy Your Next Home or Grow Your Property Portfolio with RAM Properties

RAM Properties helps owner-occupiers and investors buy homes and investment properties across Brisbane, Ipswich and Logan. Book a free consultation to get a tailored plan for your next purchase.