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Top Tips for Choosing Your Settlement Period How do you know how much time you need to allow for settlement? There are a number of variables that you will need to consider. We take a look at what needs to happen during the settlemen

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How to choose an appropriate settlement period and what practical factors (finance, moving, repairs, and off-the-plan timing) you should consider before setting a date.

When Does My ‘Off The Plan’ Property Settle? Depending on the period of construction and the date of your purchase, there can be anywhere from weeks to years to wait for the settlement of an ‘Off the Plan’ property. Last week we h

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When settlement occurs for off-the-plan property and what triggers the settlement timeline once construction is complete.

Five Things a Good Conveyancing Lawyer Will Do Two of the common themes when clients complain about their past legal representation is a lack of communication and failure to understand each others expectations. LET’S TAKE A LOOK

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What a good conveyancing lawyer does to support clients through communication, planning, problem-solving, and settlement management.

How to Get Something Fixed Before Settlement So you’ve inspected the property but there are a couple of little things that need some attention before you sign on the dotted line. Some properties just need a little bit of love and rep

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How to properly structure repair requests in a Contract of Sale so that works are completed correctly before settlement.

What is a ‘Sunset Date’ ? Not to be confused with a lovely evening spent with your partner, a sunset date is a crucial piece of information when purchasing an Off The Plan property. Let’s take a look at some of the most commonly as

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What a sunset date is in off-the-plan contracts and how it protects buyers if a property isn’t completed on time.

What Exactly am I Purchasing? It’s such a simple question. When you buy a property what do you actually own? What is included in the Contract of Sale? We take a look at the most common property purchases and what is included after se

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What is included in a property purchase and how ownership is defined by the Contract of Sale and Plan of Subdivision.

Five Tips for Dealing with Real Estate Agents Just as in all professions, there are good real estate agents and bad ones. The thing to remember is that they do play a crucial role in helping you to purchase a property. Bad first

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Practical tips for dealing with real estate agents and understanding their role in the property buying process.

What are Adjustments? One of the most common questions we have from new clients is ‘can you tell me how much this property is going to cost me?’ It’s a fair question, but often it is not until the day before settlement when we have t

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How settlement adjustments work to fairly divide out council, water, land tax, and other property costs between buyer and seller.

Five Things to Do Before You Sign a Contract of Sale This is it! You’re ready to sign your contract. If you’ve been reading the Your Property Australia website you’ll know that you should have at least already spoken to your lawyer b

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Five essential steps to complete before signing a Contract of Sale to avoid legal and financial risk.

Six Things You Need to Know Before Bidding at Auction Preparing for an auction is more than stopping for a takeaway coffee on a Saturday morning! You need to be prepared. This is serious business, the most successful bidders at an au

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A practical checklist of what you need to have in place before bidding at auction to avoid costly mistakes.

Transfer: What Happens to Property When a Relationship Breaks Down? The breakdown of a relationship can be an incredibly stressful and sad time in someone’s life. The burden of having to organise the couple’s joint assets (think prop

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How property transfers work after a relationship breakdown, including eligibility for stamp duty exemptions.

Understanding your Vendor Statement Also known as a Section 32, a Vendor Statement includes all of the information that you need to know about the property you are buying or selling. Why is it called a Section 32? A Vendor Statem

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A breakdown of what a Vendor Statement (Section 32) includes and why each document is important when buying or selling property.

What Happens if You Aren’t Ready to Settle? We had a new purchaser client who recently signed a contract of sale with settlement due in just 30 days. Whilst the parties can agree on any time frame for settlement (sometimes this can e

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What happens when a buyer or seller can’t settle on time, including delays, penalties, and legal consequences.

What is Penalty Interest and How is it Calculated? If a property fails to settle on time then penalty interest may be payable on the amount owing under the Contract of Sale. We say ‘may be payable’ because it is at the discretion of

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A clear explanation of penalty interest in property contracts, how it is calculated, and what it can cost if settlement is delayed.

Case Study: The Importance Of Checking For Building Permits You might remember seeing a news article in September 2018 about a Melbourne man who had purchased a home with illegal building works.  Click he re  to read m

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Case study on how missing building permits can create serious legal and financial risk for property buyers.

What is a Client Authorisation? Many of our clients have told us that in past property transactions they have been overwhelmed by the entire process…despite hiring a conveyancer or lawyer to assist them. Whilst there is always going

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A simple breakdown of the Client Authorisation form and how it gives your lawyer permission to act on your behalf.

Do You Qualify For The First Home Buyers Exemption, Concession or Reduction? The major difference between the  First Home Buyers Grant (FHOG)  and the  First Home Buyers Exemption, Concession or Reduction  is how

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Stamp duty relief explained, including eligibility for the First Home Buyers exemption, concession, or reduction.

Do You Qualify for the ‘First Home Owners Grant’ (FHOG)? The $10,000  First Home Owners Grant (FHOG)  is available to eligible purchasers when they buy or build their first new home. The grant is boosted to $20,000 for el

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A quick guide to First Home Owners Grant eligibility, covering key property and buyer requirements.

What is an ‘Off The Plan’ Property? We had a great response to our first article, answering some of your questions about purchasing properties ‘off the plan’. We’ve compiled a list of the most commonly asked questions and provided

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PART TWO: A straightforward explanation of what ‘off the plan’ property means and how it differs from buying an existing home.

What is an ‘Off The Plan’ Property? (Part One) ‘Off the Plan’ property is commonly misunderstood by purchasers. We take a look at what makes ‘Off the Plan’ different from your traditional purchase by answering some of our client’s

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PART ONE: A straightforward explanation of what ‘off the plan’ property means and how it differs from buying an existing home.