Subject to finance clause Vic
If you intend to borrow money from a bank or lending institution prior to purchasing a property, it may be advisable to make the contract of sale “subject to finance clause Vic”. This will allow you to rescind the contract of sale and recover your fill deposit in circumstances where you are unable to obtain finance. It […]
How much does it cost to sell a house?
There maybe many reasons why you would want to sell your house. Whether it’s to upgrade to a bigger house, cash in on your retirement or pursue other investment opportunities. It’s easy to get excited about the uptrend in the market and the price that you may be offered. You should take into consideration the […]
Transfer of property from trustee to beneficiary
Stamp duty exemptions on transfer of property from trustee to beneficiary The Duties Act 2000 provides certain stamp duty exemptions for transfer of property from trustee to beneficiary. The stamp duty exemptions fall under three categories: Section 36 of the Duties Act 2000 – transfer of property to beneficiary of a fixed trust Section 36A of the Duties Act 2000 – […]
What the banking Royal Commission uncovered
The average Joe already knew what the banking Royal Commission uncovered If you’d asked the average Joe, they would’ve confidently told you our financial sector was in major strife. But the higher you went up the ranks, the less likely you were to find people accepting (or maybe admitting) this strife everyday Australians were insisting the sector […]
Vacant land tax Victoria
Owners of vacant homes in Melbourne’s inner and middle-ring suburbs will be slugged with an extra Vacant land tax Victoria, in a bid to free up more housing. From 1 January 2018, the new 1% Vacant land tax Victoria will apply to properties in 16 councils that have been “deliberately left vacant without a good […]
Client Authorisation form Victoria
What is the Client Authorisation form Victoria? The Client Authoirsation form Victoria is a document that enables a party to the conveyancing transaction to authorise their lawyer or conveyancer to act on their behalf as their agent and sign paper instruments specific to that transaction. While the Client Authorisation form Victoria allows the lawyer or conveyancer to […]
Land Tax adjustment at settlement in Victoria
Updated on 19 January 2026 What is Land Tax? Land tax is a state government imposed tax on investment properties. It’s very similar to stamp duty and is a major source of revenue for the government. When a property changes hands in Victoria, land tax isn’t just something the vendor deals with – it can […]
Stamp duty in Victoria
Stamp duty Victoria: making housing more affordable for first-time buyers From July 2017 , stamp duty Victoria will be abolished for first home buyers purchasing a property valued below $600,000. Discounts will also be available for property purchases between $600,000 and $750,000 on a sliding scale, regardless of whether they are new or established homes. Treasurer […]
Electronic conveyancing Victoria
The Electronic conveyancing Victoria system enables lodgement of instruments and settlement of property transactions through the Property Exchange Australia Limited (PEXA) online platform. The online PEXA platform is a virtual settlement room which eliminates the need to attend a physical settlement with bank cheques and transfer documents. PEXA stores the data required for lodgement of dealings at […]
Certificate of Title Victoria
Attending settlement when the certificate of title Victoria is electronic Land Victoria requires a certificate of title Victoria (CT) to support lodgement of conveyancing transactions. There are currently two types of CT’s that are accepted by Land Victoria. They are the paper Certificate of Title Victoria (pCT) and electronic Certificate of Title Victoria (eCT). The pCT is traditionally provided at settlement […]