VIC Property Law - How Long Can Deposit be Held?

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Rod

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27 May 2014
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I assume you mean you've bought/sold a house and paid a deposit but settlement has not yet been finalised.

28 days, BUT there are few things that can stop this from happening. Best talk to your conveyancer/solicitor about the various BUTs.
 
1 December 2015
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I assume you mean you've bought/sold a house and paid a deposit but settlement has not yet been finalised.

28 days, BUT there are few things that can stop this from happening. Best talk to your conveyancer/solicitor about the various BUTs.

Ok, thank you

It's all good now. The new owners' lawyer was trying to stop it. But he can't,so he is releasing the deposit in a couple of days.