Hope Island is one of the Gold Coast’s most exclusive suburbs. Home to an enclave of exclusive housing estates, such as Sanctuary Cove and Hope Island Resort, with several world class golf courses meandering in between.
The property website Domain are currently running a series of articles on selling a property, covering aspects from presentation and market advise, to sales tactics and the conveyancing process itself.
Brisbane came alive this weekend for the annual Teneriffe Festival. The streets were lined with a festival of food, markets and entertainment.
So you’ve spent countless weekends scouring the suburbs of Brisbane, or the Gold Coast for that perfect property and you think you’ve finally found ‘the one’ and are ready to put in an offer and sign a contract of sale. It’s right about now that you need to tap the brakes every so slightly. There’s no point rushing in and signing your name, as the entire conveyancing process will be dictated by this contract, so you want to make sure you’ve got it right before signing.
So you’ve had your property on the market for a while and have now signed a contract of sale and sold your property. First of all congratulations on the sale! While getting that offer may be exciting at first, we’re sure that a bit of stress is beginning to creep into your mind as you start to consider the long list of things you now have to take care.
When purchasing a property in Queensland, or in most States across Australia, one of the biggest costs is that of stamp, or transfer duty. Transfer duty is a tax imposed by State Governments on the transfer of property and often rises into the tens of thousands of dollars, catching many buyers off guard. It’s one of those taxes that has been widely criticised.
When purchasing a property in Queensland your conveyancing solicitor will undertake a number of searches on the property in preparation for settlement. These searches are designed to provide you with more information about the property in order to ensure that the property is free from defects and not subject to any encumbrances or restrictions. It’s important that when so much money is on the line you know exactly what you are buying.
When you purchase a property in Queensland, as part of the conveyancing process your lawyer will undertake a land tax search of the property to ensure there is no outstanding land tax that remains unpaid by the seller.
Deciding to enter the property market and purchase a property is a big decision and one that does carry with it quite a few upfront costs. One of these costs that is often overlooked by buyers is transfer duty, which is a taxed imposed by the Queensland Government on the transfer of property.
It’s well known that buying into an apartment or unit complex brings with it an extra level of complexity stemming from the strict and confusing Body Corporate legislation that applies. With freestanding housing becoming more rare and more expensive as housing density increases, multi-dwelling residences are becoming the norm.
