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Yes , that is an option but one I passed over as the OP said he did not want to lose the house.

^ ^ what he said.

Unfortunately in NSW, contracts of sale favour the seller. Possible outcomes 14 days after your soli issues a NTC on the sellers soli: 1. They actually settle - and you get possession. 2. They don't settle - and you get to wait until they are ready - which hopefully will be sometime in March...