PEXA E-Conveyance Vs Paper Settlement

Deciding on the most efficient and best value option for settling your property transaction is at the front of mind to most people and with the onset of modern technology, this decision now includes the option for electronic processes. So which is better? A traditional paper settlement or a more modern approach by way of…

That's correct... Vendor Finance Contracts are NOT illegal. If you haven’t done so already, take a look at our previous article “What is Vendor Finance and Is It Worth It?”. With obtaining finance from banks and other traditional lenders becoming increasingly more difficult to obtain, we are receiving a growing number of inquiries about vendor…

In most conveyancing matters, the first time a solicitor sees a Contract is after it has been entered into and fully signed. So should you find a lawyer first? In today’s fast pace society and through fear of missing out on a purchase or losing a sale, you can often feel pressured into signing a…

Once you have a Contract, signed by both the seller and the buyer, one of the first things you should do is contact an experienced property conveyancing Solicitor. The conveyancing process in Queensland can be a complicated process and runs on a strict timeline. For example, under the standard REIQ Contract, as soon as the…

Selling your home? Here are some important things to remember to get you through the process without breaking a sweat. Stage 1. Contract of Sale Often your real estate agent will prepare the contract of sale using a standard template. Whilst it is tempting to just sign on the dotted line remember that it can be…

When selling your home, Buyers and Sellers often question who pays the council rates and the water bill. Solicitors will ensure adjustments are made at settlement so the council rates and water bills are paid by the appropriate party.    Council Rates When you sell your property you are required to pay council rates and…

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…

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…

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…

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…