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GST is one thing easily overlooked (may not usually apply in residential, but could). Land tax adjustments is another. I know of someone who ended up having to pay $150k in GST on a residential property because they overlooked something in the contract.

Many lawyers wouldn't charge any extra to look at a contract if you don't proceed. What if there is a special condition in there that is to your disadvantage for example. How do you add your own special conditions etc.