Changes to the FIRB Approval Procedure
Temporary off-the-plan stamp duty concession
The Victorian Government has introduced a temporary off-the-plan stamp duty concession to boost housing supply. This could save eligible buyers tens of thousands of dollars when buying new apartments, units or townhouses. Off-the-plan (OTP) concession When you buy property, you pay stamp duty on the total contract price. With purchasing off-the-plan, eligible buyers are able […]
I am a landlord – what should I consider before renting out my commercial property?
The Australian rental market prices are skyrocketing, which is great news for those entering the market as a landlord. Before you start making a profit on your new investment, make sure you understand your obligations first. Commercial or Retail? Firstly, identify whether your property will be used as a retail or commercial space. Retail leases […]
Australian Government 5% Deposit Scheme
One of the biggest obstacles as a first home buyer is often saving for a deposit and the cost of lenders mortgage insurance (‘LMI’). The 5% Deposit Scheme (‘Scheme’) is a federal government initiative designed to help eligible home buyers to purchase a property without the need to save the traditional 10-20% deposit or pay […]
Typical fees to expect during a property settlement (VIC)
Whether you are looking to buy or sell property, it’s the question on everyone’s mind – what fees should I expect to pay? See below for a general idea of fees that may be applicable to you. Lodgement Fees The Land Titles Office charge a lodgement fee to register any changes to a title. The […]
I am selling my property. Do I get a refund for the rates I already paid for?
Conveyancers vs Property Lawyers: What’s the Difference?
What is the difference between an Inactive and Self-Managed Owners Corporation?
Related Party Transfer – How does it work?
Paying and releasing deposits when buying a property in NSW
