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.
As a parent you always want to assist your children wherever possible and in many cases this involves providing financial assistance to help them get into their first house. It may seem like a no-brainer and the right thing to do by lending money to a loved one, but unfortunately circumstances change and relationships deteriorate.
Whilst you can self-represent yourself and do your own conveyance, there are a lot of consequences to consider. Not only that, Queensland conveyancing is legislated by 11 different pieces of legislation in Queensland. Could you recognize if a contract is legally binding? Could you determine if any alterations to the property are legal? Your lawyer will not only streamline the process for you, but will also make you aware of all your rights and obligations under the contract, and are there to protect your interests.
Brisbane’s lower lying suburbs, including the city centre itself. This obviously had serious and far reaching consequences for the city’s property market, with many buyers electing not to dip their toe (pardon the pun) into the market and choosing to avoid properties located anywhere near the Brisbane river.
Since changes to superannuation legislation in 2007, which allowed for self-managed super funds (SMSFs) to borrow money for property assets, there has been a dramatic increase in the number of people setting up a SMSF in order to purchase an investment property. Whilst there are many benefits to this, there are strict rules which must be followed.
The standard contract of sale includes terms that specify that a property must be delivered to the buyer on the day of settlement in the same condition it was in on the day the contract was signed (save for ordinary wear and tear). As a buyer this means you should do your due diligence to ensure that this is the case for the property you purchase.
