1. Australian General Advice & Fatal-Flaw Screening Notice
General Information Only: The analytics, hedonic property valuations, price guide spread calculations, composite risk ratings, defect notices, and spatial models provided by OptiWealth FairBid are general in nature and do not constitute personal financial, investment, taxation, real estate agency, structural engineering, or legal conveyancing advice.
Fatal-Flaw Pre-Screening Filter: OptiWealth FairBid acts as an objective fatal-flaw pre-screening filter to help property buyers eliminate problematic listings before spending thousands of dollars on physical inspections. A FairBid audit does NOT replace an on-site physical building and pest inspection conducted by a registered builder, nor does it replace independent contract review by a licensed Australian conveyancer or solicitor.
Buyers must always commission formal professional inspections and contract reviews prior to bidding at auction or signing unconditional real estate purchase contracts.
2. The Parties & Acceptance
These Terms of Service form a binding legal contract between you (the "User") and AcornWorks Digital Consulting Australia Pty Ltd (trading as OptiWealth AU), an Australian proprietary company registered in Victoria, Australia, governing your use of our platform and the OptiWealth FairBid mobile application. If you do not agree to these terms, you must not use or access the service.
3. Zero Agent Kickbacks & Independence Guarantee
OptiWealth AU operates the FairBid application strictly on behalf of property buyers. We warrant that our platform does not accept vendor listing advertising, selling agent referral fees, or mortgage broker kickbacks. All valuation models, price guide spread alerts, and risk assessments are computed mathematically without commercial steering toward any vendor or agency.
4. Service Tiers & In-App Purchases
OptiWealth FairBid provides services across two primary tiers:
- Free Community Tier: Ad-supported residential property screening providing hedonic valuation baselines, price guide spread indicators, composite risk ratings, and rental yields.
- Paid Advocate Due Diligence Tier ($4.99 AUD per report): Deep 22-page institutional audit dossiers featuring defect & strata litigation registers, 5-Pillar AHP weighting, 9-module spatial radar, additive SHAP valuation breakdowns, and statutory outgoings audits.
Billing via Mobile App Stores: Paid audit reports on iOS and Android are processed securely via Apple App Store In-App Purchases or Google Play Billing. Transactions are one-off purchases and do not automatically recur unless an explicit recurring subscription tier is chosen and confirmed.
Because delivery of a digital property audit dossier triggers instantaneous allocation of spatial compute and third-party data extraction, audit deliveries are deemed completed upon dossier presentation. In-app purchase refund requests on iOS and Android devices are handled in accordance with standard Apple Media Services Terms and Google Play Store Refund Policies.
5. Permitted Use & Intellectual Property
You are granted a personal, non-exclusive, non-transferable licence to use OptiWealth FairBid for individual property evaluation. You must not: (a) scrape, crawl, reverse-engineer, or harvest data from the platform; (b) redistribute, resell, or white-label FairBid reports for commercial real estate syndication without written licence; or (c) attempt to circumvent platform rate limits or API security controls.
6. Limitation of Liability & Consumer Law
To the maximum extent permitted under the Australian Consumer Law (ACL):
- AcornWorks Digital Consulting Australia Pty Ltd excludes all liability for indirect, special, incidental, or consequential losses, loss of profits, loss of capital, or property auction bidding outcomes.
- Our total cumulative liability to you for any claim arising from your use of FairBid is strictly limited to the amount paid by you to access the specific audit report giving rise to the claim.
7. Governing Law
These Terms of Service are governed by and construed in accordance with the laws of the State of Victoria and the Commonwealth of Australia. The parties irrevocably submit to the non-exclusive jurisdiction of the courts of Victoria, Australia.