Legal
Terms and Conditions
Effective date: 10 March 2026 · Version 1.0
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About StrikePrice
StrikePrice is operated by StrikePrice Pty Ltd (ABN pending). We operate a fixed-price property marketplace at strikeprice.au that connects property owners (Owners) with prospective buyers (Buyers).
Definitions
- ·Strike Price: The fixed price at which an Owner agrees to sell their property.
- ·Accepted Strike Price: The event that occurs when a Buyer accepts an Owner's Strike Price, forming a binding contract of sale.
- ·Vendor Disclosure Statement (VDS): The statutory disclosure document provided by the Owner before a sale.
- ·Platform Fee: 0.95% of the Strike Price payable by the Owner at settlement.
- ·Conveyancing Fee: Fee payable by each party to their chosen panel conveyancer at settlement.
- ·Deposit: 10% of the Strike Price payable by the Buyer within 2 business days of accepting, held in trust.
Eligibility
To use StrikePrice you must:
- ·Be at least 18 years of age
- ·Have legal capacity to enter into binding contracts
- ·Provide accurate and complete registration information
- ·Not be prohibited from using the platform under any applicable law
Owner Obligations
4.1 By listing a property, the Owner:
- ·Confirms they are the legal owner or have authority to sell
- ·Agrees that registering a Strike Price constitutes a standing offer to sell at that price
- ·Agrees that when a Buyer accepts the Strike Price, a legally binding contract of sale is formed
- ·Confirms all information provided is accurate and complete
- ·Agrees to provide a valid Vendor Disclosure Statement before acceptance is enabled
- ·Agrees to use StrikePrice's integrated conveyancing service
4.2 Strike Price Changes
Owners may change their Strike Price at any time before acceptance. All Buyers who have previously expressed interest will be notified of any price change.
4.3 Pausing a Listing
Owners may pause their Strike Price at any time. A paused listing remains visible to Buyers but cannot be accepted. Owners may reactivate at any time.
Buyer Obligations
5.1 By accepting a Strike Price, the Buyer:
- ·Confirms they have read the Vendor Disclosure Statement
- ·Confirms they have pre-approved finance covering the Strike Price amount
- ·Agrees to pay a 10% deposit within 2 business days, held in trust
- ·Acknowledges a 7-day cooling-off period applies from the date the deposit is paid
- ·Agrees to settle within the settlement period nominated by the Owner (minimum 45 days)
5.2 Cooling-Off Period
The Buyer has 7 days from deposit payment to withdraw. During this period the Buyer may visit the property and arrange a building and pest inspection. After cooling-off expires, the contract is unconditional.
5.3 No Finance Conditions
StrikePrice does not permit subject-to-finance conditions. Buyers must have pre-approved finance before accepting.
Fees and Payment
Owner fees at settlement:
- ·Platform Fee: 0.95% of the Strike Price
- ·Conveyancing Fee: Set by your chosen panel conveyancer
Buyers pay no fees to StrikePrice.
Conveyancing
StrikePrice coordinates conveyancing for all transactions as a mandatory condition of listing. StrikePrice's conveyancing partner will contact both parties within 24 hours of acceptance.
Transparency Between Parties
When a Strike Price is accepted, StrikePrice discloses the full name, email and phone number of both parties to each other. This is a core feature of the platform and users consent to this by using StrikePrice.
Prohibited Conduct
Users must not:
- ·Provide false or misleading information about a property
- ·Use the platform for any unlawful purpose
- ·Attempt to manipulate the platform's pricing or acceptance mechanisms
- ·List a property without legal authority
- ·Accept a Strike Price without genuine intention and financial capacity to complete the purchase
Intellectual Property
All content on StrikePrice including platform design, software, brand, and AI-generated property descriptions is owned by StrikePrice Pty Ltd. Users may not reproduce or distribute this content without written permission.
Limitation of Liability
To the maximum extent permitted by law:
- ·StrikePrice provides the platform as is
- ·StrikePrice is not a real estate agent and does not provide property advice
- ·StrikePrice is not liable for any loss arising from a transaction between an Owner and a Buyer
- ·Total liability is limited to fees paid by that user in the preceding 12 months
Dispute Resolution
Parties are encouraged to communicate directly to resolve disputes. StrikePrice's conveyancing team can assist with procedural matters. If unresolved, parties may seek independent legal advice or refer to the relevant state consumer tribunal.
Termination
StrikePrice may suspend or terminate an account if the user breaches these Terms or if continued access would harm others. Users may close their account at any time by contacting support@strikeprice.au, provided no active transactions are pending.
Changes to These Terms
StrikePrice may update these Terms from time to time. Users will be notified of material changes by email. Continued use after notification constitutes acceptance.
Governing Law
These Terms are governed by the laws of Victoria, Australia. Any disputes are subject to the exclusive jurisdiction of the courts of Victoria.
Contact
© 2026 StrikePrice Pty Ltd. All rights reserved.