Buying property subject to lease: key considerations
Buying property subject to lease: key considerations If you are buying property subject to lease, it’s important to understand the implications and your role as the new landlord. Whether it’s a residential or commercial property, there are several key considerations to keep in mind. This comprehensive guide will provide you with valuable insights and information […]
How to Negotiate a lower price on property [6 Mistakes to Avoid]
How to Negotiate a lower price on property [6 Mistakes to Avoid] Negotiating a lower price on a property requires careful planning and effective communication. Whether you’re a seasoned investor or a first-time homebuyer, the art of negotiation can help you secure a better deal. However, it’s important to avoid common mistakes that can hinder […]
Melbourne suburbs where home buyers can get the biggest discounts
In the ever-changing real estate market, Melbourne home buyers are currently enjoying a favourable environment as they secure significant discounts on property purchases. According to recent data from Domain, buyers in Melbourne suburbs have obtained the largest discounts in nearly four years. This trend has seen houses and units being sold below their advertised prices, […]
Top 10 Things to Consider Before Hiring a Conveyancer in Melbourne
Buying or selling property is one of the most significant financial transactions you’ll ever make. The conveyancing process can be complex and time-consuming, which is why many people prefer hiring a conveyancer in Melbourne to manage the process for them. But with so many conveyancers in Melbourne, how do you know which one to choose? […]
Lost Certificate of Title
How do you replace a lost certificate of tile in Melbourne, Victoria? To replace a lost certificate of title in Melbourne, Victoria, you need to apply for a new paper certificate of title. As of August 1, 2019, conveyancers or lawyers representing clients in an application for a new paper certificate of title must submit […]
Deposit Bond
A deposit bond is a type of financial instrument that can be used in place of a cash deposit when purchasing a property. It acts as a guarantee to the vendor that the deposit will be paid, and is issued by a bank or other financial institution. The buyer pays a fee to obtain the […]
Reviewing a contract of sale & section 32 vendor’s statement
It is generally advisable to engage a property lawyer or conveyancer to review the contract of sale & section 32 vendor’s statement before purchasing property. A lawyer can help ensure that the terms of the contract of sale & section 32 vendor’s statement are fair and that there are no hidden issues with the property […]
Spousal Property Transfer
In Victoria, there may be exemptions from stamp duty for spousal property transfers of a principal place of residence (PPR) under certain circumstances. What is the principal place of residence (PPR)? A principal place of residence (PPR) refers to the main or primary residence of an individual or family. It is typically where the […]
Building and pest inspection
When should I conduct a pre-purchase building and pest inspection in? In Victoria, it is common practice to conduct a pre-purchase building and pest inspection before finalising the purchase of a property. It is typically done during the due diligence period before the sale is finalised. This period is typically negotiated between the buyer and […]
What is a section 173 agreement?
What is a section 173 agreement? A Section 173 agreement is a legal agreement entered into under section 173 of the Planning and Environment Act 1987 in Victoria, Australia. Such agreements are commonly entered into between a local council and a land developer, outlining specific obligations and responsibilities related to the development of a piece […]