Can I gift a house to my child in Australia?｜However, under Australian law, .nothing stops someone from giving someone else a property - or anything else for that matter - as a gift

Could you kindly elaborate on the matter of gifting a property to my child in Australia? I've read that Australian law doesn't prohibit such transactions, but I'm curious about the specific procedures or potential implications involved. Is there anything I should be aware of before proceeding with such a transfer? Thank you for your assistance in clarifying this matter.