Not logged in - log in now, or click here to register.
Skip navigation links
feature articles
how much can i borrow?
what will my repayments be?
loan comparison
extra repayments calculator
lump sum repayment calculator
stamp duty calculator
split loan calculator
budget planner
savings calculator
term deposit calculator
income tax calculator
principal & interest
credit card repayments
property buying cost
property selling cost
leasing calculator
reverse mortgage calculator
home loan offset calculator
Comparison Rate Calculator
Honeymoon Loan Calculator
public enquiry line
tips & helpful hints
browse tips
search tips
further info
FAQ's (real estate)
browse FAQs
top ten FAQs
search FAQs
further info
local info
heritage register
foreign investors
agent code of conduct
auction code of conduct
land tax calculator (OSR)
Budget Threat to First Home Buyers


What is a "48 hour" clause?

This is a condition that the buyer and seller can agree to include in a contract for the sale of land.

It is normally inserted when the buyer wants to make an offer that is conditional upon the buyer selling their own property i.e if the buyer does not sell his house then the buyer will not be obligated to buy the seller’s house.

The seller may like the buyer’s offer but is aware of the uncertainty of the  buyer selling their property and the length of time that this may take.

To guard against the risk, the seller proposes that they have a special condition whereby the seller will continue to market the property and if an alternative offer is received by the seller then the buyer will have two business days (“48 hours”) in which to make their offer not conditional upon the sale of the buyer’s property.

If the buyer does not waive the condition of selling their own home, then the seller can terminate the contract and then enter into another contract with the alternative buyer.

REIWA does provide a standard clause for its members to use.

Buyers and sellers are encouraged to fully understand any 48 hour condition before agreeing to it.

Click here to Search for FAQ's