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Can’t afford your First Home? Flat Pack Housing FTW

Can’t afford your First Home? Flat Pack Housing FTW

Flat Pack Housing Saves Money With house prices seemingly on a "never-ending price rise", buying your first home may seem out of reach. However, buying your first home might not be as impossible as it seems.  There are companies within Australia who are now supplying “flat-pack” style housing from as little as $35,000.00. These houses are built by producing pre-fabricated panels in a factory and then installed on site. This…

Buying Off the Plan? What you need to know about the “Sunset Clause”

Conveyancing Property Law November 5, 2018

Buying Off the Plan? What you need to know about the “Sunset Clause”

Sunset Clause in a Property Contract A common approach to buying property is to enter into an Off the Plan Contract for the purchase of a unit or house that has not yet been built.  An Off the Plan Property Contract allows you to lock in a purchase price based on the current property market and settle the contract once the development is complete. In some circumstances, it may take…

It’s 8 weeks until Christmas! Will you be ready?

It’s 8 weeks until Christmas! Will you be ready?

Are you amazed how quickly Christmas seems to come around each year? It’s only 8 weeks away so will you be ready this year? Have you thought about going away for Christmas? What about those adventures you always wanted to do when you get some downtime? But wait! Have you got to get a Will or do you need to update it? If not, then it's time to get a…

What Is Vendor Finance and Is It Worth It?

Vendor Finance October 24, 2018

What Is Vendor Finance and Is It Worth It?

Many people ask us: "what is vendor finance?" Vendor finance also referred to as “seller finance”, is a term growing in popularity with finance from traditional lenders becoming increasingly more difficult to obtain in recent times. It also allows people with a less than perfect credit score to secure finance to purchase a property, whether residential or commercial. What is vendor finance? Basically, the finance is arranged between the seller and…

What is an out of court settlement and when Is Civil Litigation Necessary?

Business Law Courts Litigation October 15, 2018

What is an out of court settlement and when Is Civil Litigation Necessary?

The process of resolving a dispute between two parties through the court system is known as civil litigation. It can occur when one party wants to sue another over things like unpaid debts, the breach of a contract, negligence and a whole host of other circumstances. Ideally, you want to make the process of a civil litigation the last resort if possible, as it can be drawn out and costly.…

How to complete the new GST Withholding section in REIQ Contracts?

How to complete the new GST Withholding section in REIQ Contracts?

As discussed in our previous Article “Buyer Alert! New GST Withholding Laws for Buyers and Developers of New Residential Property” new GST withholding rules came into force on 1 July 2018. The Real Estate Institution Queensland (REIQ) Contract has been updated to reflect these changes and a new section titled “GST WITHHOLDING OBLIGATIONS” has been included. GST Withholding & REIQ Contracts Under the new GST withholding section of REIQ contracts, the Buyer…

Should Employers Introduce a Social Media Policy?

Social Media August 30, 2018

Should Employers Introduce a Social Media Policy?

In Australia, some 12 million people have Facebook accounts. Then there are all the other popular social media platforms such as Twitter, Pinterest, Instagram and more. The modern world has become obsessed with posting anything and everything publicly on various forms of social media. As an employer, should you place restrictions on what your employees can post on their private social media accounts? Is it even any of your business?…

Thinking of Entering a Business Partnership Agreement? Consider This First

Business Law Courts Litigation August 28, 2018

Thinking of Entering a Business Partnership Agreement? Consider This First

Rather than going it alone as a sole trader, many business owners decide on entering into a business partnership agreement with one or more other people. After all, this helps to share the workload and the responsibilities, as well as the investment of capital, so it often makes sense on many levels. What Exactly Is a Business Partnership? A business partnership is a group of people who carry on a…

What Everyone Ought To Know Before Buying a Display Home

Property Law August 7, 2018

What Everyone Ought To Know Before Buying a Display Home

Buying a display home as an investment property and leasing it back to the builder for a premium rent for the life of the display village may seem like a great investment. However, a commonly overlooked aspect of this type of transaction is whether the house is covered by the Queensland Building and Construction Commission (QBCC) Home Warranty Scheme. QBCC Home Warranty Scheme The Queensland Home Warranty Scheme is a…

I Just Bought a Property That Hasn’t Settled. Why Do I Need Property Insurance Right Away?

Conveyancing Property Law July 17, 2018

I Just Bought a Property That Hasn’t Settled. Why Do I Need Property Insurance Right Away?

Buying a new property is an exciting time, whether it’s your very first purchase or yet another in a string of purchases. Generally, a property settlement takes 30 days before you can officially take ownership of the new house or apartment, but there is one key point that often spreads confusion; particularly among first time home buyers. And that is the subject of insurance on the newly purchased property. Once…

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