With property prices peaking in Sydney, the Queensland property market is really starting to heat up as property investors from down south look to the sunshine state for its more affordable property market that can prove to be a more lucrative investment. Our conveyancing solicitors have really started to notice this swing and the influx of investment properties coming across our desks.
Conveyancing Guide – What is a Caveat?
Increasing Property Prices Are Pushing First Home Buyers Out:
Australia-wide property prices have been on the rise this year, from the highly publicised runaway prices in Sydney, to the steady growth in Melbourne, the recent boom and apartment sales in Brisbane and the slew of new developments announced for the Gold Coast. Key to this tremendous growth has been the high level of sales to property investors.
Buying an Investment Property – Things to Consider:
If you’re looking to get into the property market and buy an investment property there are a lot of benefits to be had, such as wealth creation, capital growth and tax benefits, but since buying property is such a major decision that can take a huge financial toll it’s worth doing some thorough research on the property before signing that contract of sale.
Buying? Selling? – Why You Should Enlist a Conveyancing Solicitor:
Things to Consider Before Purchasing an Investment Property:
At Dylan & Inns our conveyancing solicitors see a lot of clients who are purchasing an investment property on the Gold Coast, or in Brisbane. Some of these clients are savvy investors who have purchased numerous properties before and are familiar with the process, while others are first time property investors dipping their toe into the market.
Understanding Conveyancing – The Building and Pest Condition:
In Queensland the standard contracts of sale, being either the REIQ Contract, or the ADLForms Contract, include a standard building and pest condition. What this means is that a contract for the purchase of property will be subject to the buyer undertaking a building and pest inspection of the property and being satisfied with the report they receive following the inspection.
Understanding Conveyancing – The Settlement Process:
We work with a lot of clients who are buying or selling their first property and are new to the conveyancing process and not sure of all the steps involved. One of the questions we get asked most frequently is ‘do I have to come to settlement?’ So we thought we’d put together a bit of a summary of the settlement process to help.
Selling Property in Queensland – Underquoting by Real Estate Agents:
Owning an Investment Property – Body Corporate Insurance:
Owning an investment property can be a great strategy for earning some extra income, but there are also costs involved, with one of the major costs being that of insurance. Things are slightly different where your investment property is an apartment or townhouse and there is a body corporate in place. As part of your body corporate levies you are paying for the body corporate to have insurance over the property.