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Paying Stamp Duty in Installments: What First Home Buyers Should Know
In a housing market where every dollar counts, many first home buyers wonder: “Can I pay stamp duty in instalments?” This is a valid and practical question, especially when you are already juggling deposits, lenders’ fees, moving costs, and legal expenses.
The answer?
What Happens If I Pull Out After Signing a Property Contract?
Pulling out of a property deal isn’t as simple as walking away. Once the contract of sale has been executed, it becomes legally binding, and terminating during the transaction can lead to serious financial and legal consequences.
But what happens if only the buyer has signed?
Is an Experienced Conveyancer Essential When Buying an Investment Property? Here’s What Smart Investors Know
Purchasing an investment property isn’t just about acquiring real estate. It’s a strategic step in your long-term wealth-building journey. Every decision, from
Navigating Interstate Property Transactions: A Guide for Buyers and Sellers
For both newcomers venturing into their first property purchase and seasoned property investors, the prospect of buying property in a different state presents a unique set of challenges. The various advantages of buying interstate make an attractive option, but without engaging a knowledgeable and experienced conveyancing firm, you may find yourself jumping through more hoops …
Navigating Interstate Property Transactions: A Guide for Buyers and Sellers Read More »
Are you selling your home in Victoria and need access to your deposit money early?
Are you selling your home in Victoria and need access to your deposit money early? If so, you can use a Section 27 Statement to release the deposit money before settlement date. A Section 27 Statement is a document that the vendor provides to the purchaser, stating any encumbrances on the property or that the …
Are you selling your home in Victoria and need access to your deposit money early? Read More »
What is ‘cooling off’? And under what conditions?
What is “cooling off”? And under what conditions? In Victoria, the Sale of Land Act allows a purchaser who signs a Contract to purchase real estate to terminate the Contract, under certain conditions and “cool off.” To be able to effectively “cool off” and terminate the Contract; the Purchaser must satisfy the following:- 1. The …
What is ‘cooling off’? And under what conditions? Read More »
What is vacant residential land tax?
The vacant residential land tax (also referred to as the vacant residential property tax or vacancy tax) is a tax on residential properties in Melbourne’s inner and middle suburbs which are unoccupied for more than six months a year. It is a Victorian tax, and is different to land tax, the absentee owner surcharge and the …
What is the difference between a Lease and a License?
Fundamentally, a Lease and a License is much the same, in that both grant a right to use property in a certain way. However, there are key legal differences between a Lease or a License that should be understood and considered before making a decision. The fundamental differences between a Lease and a License are …
What is the difference between a Lease and a License? Read More »
What is a License to Store?
A Licence to Store, is a legal document that will allow one party to store their belongings in a property that belongs to another. The License to Store is generally limited to the garage only. This scenario often occurs when the Purchaser needs to move out of their current dwelling before settlement, or settlement is delayed, but …