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From what i've read theres a 3 day grace period from the settlement date. After that the seller can charge penalty interest and issue a default notice. If settlement doesn't happen with 14 days of receipt of that notice, then the contract is void. Therefore if my settlement is a week late it may...

Well my finance is coming through. So thats good. A related question, say I'm buying property B but need the sale of my existing property A to fund it. It gets to the point where the sale of property A looks 99%. However settlement on A gets delayed - delaying the settlement of B. Can the...

Thanks for the prompt reply. Regarding how settlements work in WA, I would expect no refund if an unconditional sale fell through, but what about if conditions arent met (eg finance approval not obtained)? Is the deposit refunded at the termination of the contract?

I have an accepted offer on a residential block. It stipulates that finance approval from my nominated bank is required within 28 days of signing and that settlement is x days later (30 days). I ran into difficulties which slowed the loan approval process. But thats now all back on track...