Solicitor’s Certificate for Guarantors
A lender may require a guarantor of a loan to obtain independent legal advice before giving any guarantee. A guarantor is an individual or a company, who will be responsible for meeting the borrower’s obligations under the loan agreement if the borrower fails to do so. What is a solicitor’s certificate? A solicitor’s certificate […]
Commercial Stamp Duty Abolished…or is it? Introducing the Commercial & Industrial Property Tax reform
Stamp duty has long been a barrier to a buyer’s property transactions, whether they are entering the market for the first time or building a portfolio. The Victorian government has announced the abolishment of duty on eligible commercial and industrial properties (“CIPs”) (‘the reform’). From 1 July 2024, CIPs transactions will trigger a final stamp […]
Understanding Land Tax (Victoria)
What should I do before signing a lease agreement?
Paying and releasing deposits when buying a property in NSW
What should I know before signing as a guarantor for a loan?
What does it mean to sign the contract ‘Subject to Finance’?
Am I eligible for the off-the-plan stamp duty concession?
Stamp duty, otherwise known as transfer duty, is a tax levied by the Government on transactions when you acquire an interest in the property. You may be eligible for an Off the Plan (OTP) duty concession, depending on where the type of property is purchased and its location. See below as we discuss stamp duty […]
Everything you need to know about the First Home Owners Grant
The First Home Owners Grant (FHOG) is an incentive offered by the Australian government for the purpose of helping first home buyers enter the property market in both metropolitan and regional areas. Each state’s revenue office manages the subsidization slightly differently. In Victoria, the incentive includes a one-off payment of $10,000 for properties in metropolitan […]
Buyers beware! Common mistakes to avoid when purchasing a home
