Author: Foula Markos

Embracing a New Era of Electronic Conveyancing

As some of you may be aware Victoria has been transitioning into electronic conveyancing since January 2015. This method of settling transactions will become mandatory as of August 2019.

Purchasing a Property and Final Inspections!

It is a common misconception and a large unknown to many purchasers that prior to settling a property you are entitled to conduct a final inspection!

If you are approaching your settlement date, it is strongly encouraged that contact is made with the selling agent and a final inspection is arranged on your behalf.

Abolishing Stamp Duty for First Home Buyers

As of 1 July 2017, there will be no stamp duty payable for new or existing properties purchased by first home buyers (FHB) for properties under $600,000.00. There will be concession or discount applicable to purchases between $600,000.00-$750,000.00.

This allows FHB to use more of their savings towards their new home. It could be a saving of up to $15,000.00.

Dealing with land? Don’t forget to verify your identity!

If you are dealing with an interest in land, you need to be aware of, and comply with, the new verification of identity rules (VOI Rules).