Blogs relevant to Conveyancing in Queensland.
When purchasing a property, it is important to consider, not only the upfront costs, but the ongoing costs associated with owning property. One such cost is land tax. Land tax is a state-based, annual tax calculated on the aggregated taxable value of all land owned by an entity in a particular state, either solely or […]
LAND TAX QUEENSLAND, NEW SOUTH WALES & VICTORIA Read More »
Whether you are buying in Queensland, New South Wales, or Victoria, we have listed the top six tips to help you secure your dream property. 1. BUILD THE RIGHT TEAM Purchasing a property is stressful and tiring and you want to know that you have the right team of professionals on your side. We recommend
6# TIPS TO HELP YOU BUY A PROPERTY IN 2024 Read More »
Transfer duty (also known as stamp duty or, in Victoria, land transfer duty) is a state tax charged when purchasing property in Queensland, New South Wales and Victoria. Before purchasing a property, it is important to know what transfer duty your transaction will be subject to – it is often a sizeable figure and should
TRANSFER DUTY QUEENSLAND, NEW SOUTH WALES & VICTORIA Read More »
When purchasing residential property in Queensland, New South Wales or Victoria, significant additional taxes may be payable if the buying entity is deemed foreign. We’ve set out a break down below of what constitutes a foreign entity across the states and the implications. Queensland What is a foreign corporation? A foreign corporation is one that
From 1 May 2024, reforms to the Body Corporate and Community Management Act (BCCM Act) will commence. Amongst other changes, the reforms clarify that body corporate by-laws cannot prohibit the keeping of animals on a lot or common property or restrict the number, type or size of an animal that may be kept by an
NEW QLD BODY CORPORATE RULES – IT’S GOOD NEWS FOR PET OWNERS Read More »
A selling agent will be entitled to charge commission and costs in accordance with the Form 6 Appointment and Reappointment of a Property Agent that you sign with them when commencing the sale process. It is important that you carefully review these terms. IN SHORT, THE SELLING AGENT WILL BE ENTITLED TO CHARGE THEIR COMMISSION
WHEN IS THE AGENT ENTITLED TO CHARGE THEIR COMMISSION IN QUEENSLAND? Read More »
Before buying your dream waterfront property, there are a few legal issues to consider if the property comes with a jetty or pontoon. 1. Are there any leases associated with the jetty / pontoon? In some councils, use of the structure may automatically pass with ownership of the property and no further arrangements are required.
BUYING A PROPERTY WITH A JETTY OR PONTOON Read More »
In Queensland sometimes to encourage sales, developers may offer a rebate (or other incentives such as gift cards or the payment of your transfer duty) if you meet eligibility criteria, such as settling by a certain date. Whilst this can seem like a good deal, it’s important to be aware of a number of traps:
BEEN OFFERED A REBATE OR AN INCENTIVE TO BUY A NEW APARTMENT IN QLD? Read More »
Whether you are selling in Queensland, New South Wales, or Victoria, we have listed the top five tips to ensure your sale goes smoothly. 1. SPRUCE UP YOUR PROPERTY Before you bring valuers and agents through a property, ensure it is presented in the best possible way. This may mean completing any repairs, de-cluttering, having
5# TIPS TO ENSURE YOU HAVE A SEAMLESS SALE Read More »
Australia might be one country, however there are substantial differences when it comes to the law around property transactions across the States. 1. WHO PREPARES THE CONTRACT OF SALE In QLD, contracts are drafted by agents and while against our advice, parties often sign a contract without it being reviewed by a lawyer. In NSW,
9# DIFFERENCES IN CONVEYANCING BETWEEN QLD, NSW & VIC Read More »
