Selling your Home? Who Pays the Council Rates and Water Bill?

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…

Buying property is such a big purchase and commitment (one of the biggest most of us are likely to ever make) that the contract is not something you want to take lightly. It’s wise to go through it with a "fine tooth comb" and equally as wise to discuss the finer details with both your…

In our Previous Article ATO Property Update For GST we introduced the new set of rules affecting Buyers and Developers of new residential premises and new residential subdivisions which will be in place as of 1 July 2018. The new laws will require the General Services Tax (GST) amount payable on the purchase price of new…

If you’re a first time home buyer or seller, likely you’ve heard of a conveyancing solicitor, but may be unfamiliar with the exact role this legal representative plays in the process. As a buyer, you’ve likely dealt with your fair share of real estate agents, been to many open home inspections, finally found a property…

As Brisbane legal property experts in law, we get asked a lot of questions about property and conveyancing. Please see a few of our commonly asked questions with regards to Brisbane Conveyancing listed below: 1. The difference between Joint Tenants and Tenants in Common https://www.aylwardgame.com.au/joint-tenants-tenants-common-difference/ 2. Can you really buy without Banks? https://www.aylwardgame.com.au/can-you-really-buy-without-banks/ 3. What…

The provisions of the Foreign Acquisitions and Takeovers Act 1975 (Commonwealth) (“Act”) and Foreign Acquisitions and Takeovers Regulation 2015 (Commonwealth) (“Regulation”) apply strict rules to foreign persons purchasing a residential real estate in Australia or investment for property in Australia. A summary of some of the key issues follows. Residential Real Estate Generally Under Australia’s…