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.
Transfer Duty in Queensland – Concession Requirements:
Buying a Property to Renovate – Conveyancing Searches:
You only have to go for a quick drive down a suburban street to see how popular the renovation game has become, with home owners making big changes to their property, spurred on by the latest raft of renovating TV shows gracing our TV screens. In Brisbane it’s grand old Queenslanders that are receiving all the attention, while weatherboard beach shacks are in vogue on the Gold Coast.
Buying an Investment Property - Transfer Duty Guide:
The Title Search – Why You Need to Order Two:
So you’ve just purchased a property on the Gold Coast. First of all, congratulations! Now you’re probably ringing around different law firms for a conveyancing solicitor to act on your behalf and assist you with the purchase process. When you’re obtaining quotes you’ll normally be quoted a professional fee, as well as a search fee. This search fee is the cost of the searches your solicitor must undertake on the property, and in most cases the cost of these is simply what it costs your solicitor to order these.
So You’ve Purchased a Property – What About Insurance?
So you’ve taken the plunge into the property market and purchased a property. First of all, congratulations! Deciding to buy a property is a big step forward. But here’s a tip, have you considered insurance? We know, you’ve only just signed the contract of sale and you won’t actually own the house for a while yet, but what you’re probably not aware of is that the property is already you’re responsibility.
Conveyancing Searches – Searching the Personal Property Securities Register:
Conveyancing Searches - The Queensland Heritage Register:
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.
Purchasing Off the Plan – Tips for First Home Buyers:
You only have to look up and do a quick scan of the skyline to see how jam packed it is with cranes at the moment as the development of new apartments picks up pace. Right now the Gold Coast is seeing a resurgence in development along the coast, from Main Beach to Broadbeach and Brisbane’s hotspot is in Fortitude Valley.
Conveyancing Searches – Contaminated Land Register:
When you a buying property in Queensland, as part of the conveyancing process your solicitor will undertake a number of searches on the property. Making the decision to buy a property is not to be taken lightly, especially given the large amount of money involved, so it’s important these searches are undertaken to ensure the property is free from defects and as described in the contract of sale.