If you ever buy or transfer two or more properties in one arrangement, this article is for you. Most people in the property market know of transfer duty (formerly known as stamp duty). It is the tax payable on most property transactions. Duty is calculated based on the purchase price of the property or the
What is a title deed? A title deed, most commonly known as a certificate of title, is a paper record showing the current owner and title particulars of a property. Pre-1994, a paper title deed existed for every property in Queensland. Since 1994 the Queensland Land Titles Register has been electronic and paperless, and certificates
Sellers need to avoid giving buyers an easy “out” of the sale contract. One of the most common of these is if an encumbrance on the property, such as an easement, is not disclosed to the buyer in the contract. The seller has an obligation to make the buyer aware of all easements related to
Drownings in home swimming pools are a tragic and all too common occurrence. Pool safety laws have reduced the number of drownings, and are an important factor in the sale of properties with pools. As conveyancing experts, we advise buyers and sellers of their responsibilities and ensure that the contract proceeds smoothly in this area.
Buyers can often become confused when they receive settlement figures or a settlement statement in the lead up to settlement. It is common for buyers to misread the settlement figures and think that they are being hit with the seller’s outstanding rates or water bill. This article aims to take the mystery out of settlement
What is transfer duty? Transfer duty, formerly known as stamp duty, is a state government tax payable on most transactions related to property. It is calculated based on the purchase price of the property or the value of the property; whichever is higher. For residential property, transfer duty is payable in the following circumstances: Purchasing
Buying or selling property is a big commitment, and getting a Contract from an agent can be daunting. However, worries usually stem from not knowing what to look out for. We always strongly recommend sellers and buyers have their solicitor check the Contract before it is signed. Occasionally, the smallest of errors can have a
The new ‘Queensland First Home Owner’s Grant’ has increased from $15,000.00 to $20,000.00 for a limited time. This is great news for all First Home Buyers looking to purchase property within Queensland. Does the increased grant apply to my Contract? The increase to $20,000.00 applies to Contracts dated on or after 1 July 2016 until