It is no secret the property market has been hot over the past year. Sydney and Melbourne are in "boom" territory and the sunshine state is also giving Brisbane investors a warm feeling.

It’s well known that buying into an apartment or unit complex brings with it an extra level of complexity stemming from the strict and confusing Body Corporate legislation that applies. With freestanding housing becoming more rare and more expensive as housing density increases, multi-dwelling residences are becoming the norm.

When selling your property in most circumstances you will engage the services of a Real Estate Agency to manage the sale process. They will advertise the property, draft the Contract of Sale, liaise with buyers and organize an auction if you choose.

The buying and selling of property occurs everyday, but with each transaction worth a large sum of money there is of course a lot of regulation of the transactions. In fact in Queensland each single conveyancing transaction is governed by over 20 separate pieces of legislation.