Calculating Cooling Off Penalty(QLD)

Below is a copy of the Queensland Cooling Off Penalty Calculator available from within our purchased service. We have made this tool freely available for use by the public.

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Legalmart Conveyancing Stamp Duty Calculator

Cooling Off Penalty Calculator (QUEENSLAND)

A buyer can terminate their Contract within 5 business days from the commencement of the cooling off date (which may be a date later than the contact date).
However a penalty of 0.25% of the purchase price is payable to the seller.

Instructions: to calculate the penalty amount simply:

  • Type in the full purchase price as noted in your contract, in the box below.
  • CLICK on the CALCULATE button.
Item 1. Purchase Price:

do not insert any symbols (eg $ or commas)

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