Conditional offers in Victoria

Hi Everyone,

In Victoria, if you pay your 10% deposit and both parties sign the Contract of Sale subject to e.g. finance approval, building/pest inspection, etc. can the vendor then go and sign unconditionally with another buyer (as they can in some other states)? What are the costs associated with backing out of a Contract due finance or building issues?

Any responses are appreciated.
No they can't go and sign with another buyer once they have countersigned your offer, until your offer bombs.


The Y-man