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If the contract included provision for a $20K deposit, you can immediately pursue this as a debt, ie you don't have to get a judgement that they owe you this money, it's already an enforceable debt. However, one wonders whether they have $20K to give you, if they hadn't yet paid it and couldn't...

If you went unconditional on a three day settlement, I'm not surprised the vendor is unhappy! :eek: The fact that you let the vendor know is irrelevant if the contract was unconditional. Telling somebody that you're going to breach the contract doesn't change the fact that it's a breach. If...

Exactly. In QLD, you can forfeit the deposit immediately at 5pm on the nominated day of settlement. We have "time is of the essence" contracts. Where is the property? How long did you give your lender to approve finance and settle? If it was enough time, perhaps your broker can apply some...