Hi guys, We bought a house in a VIC metro suburb from an Auction as our PPOR last Saturday. The vendor is a fairly old couple and they are moving to a retire village nearby. Since they've been living in that house for more than 30 years, there is no mortgage on the title and the vendor has control of the title deed. Today we got an email from our conveyancer saying the vendor is requesting an early release of the 10% deposit money that we paid to the RE agent last Saturday. Talked to my conveyancer this morning and she advised that we could lodge a caveat to prevent anyone dealing with the title except the purchasers which are us. But the caveat will cost us ~$140. My understanding is, the vendor is not permitted to sell the property to someone else at this stage, because the contract has been signed and gone unconditional after the auction, although the vendor has control of the title as there is no mortgage on the tile. If the answer is yes, it will not make any difference for us when the vendor get the deposit and a caveat will not be necessary. Appreciate any thoughts!