Rates and Water Search – Making Adjustments at Settlement:

Rates and Water Search – Making Adjustments at Settlement:

As part of the conveyancing process, your solicitor will undertake several searches of the property that you are buying to ensure the property is free from defects and all costs are accounted for prior to settlement. One of the searches they will undertake is a council rates and water search.

Buying a Property – Ensuring Fixtures are Included in Your Purchase:

Buying a Property – Ensuring Fixtures are Included in Your Purchase:

The distinction between fixtures and chattels is incredibly important when it comes to property law and conveyancing, as under the law fixtures are part of the land and will remain with it, meaning when you purchase the property you also purchase these fixtures as part of the transaction.

First Homebuyers: Costs You Need to Consider:

First Homebuyers: Costs You Need to Consider:

With the property market on the Gold Coast and in Brisbane really starting to take off and interest rates continuing to remain so low, now is the perfect time for a first homebuyer to enter the market. Many first homebuyers however are probably unaware of the associated costs of purchasing a property.

Contract of Sale – Reading the Fine Print:

Contract of Sale – Reading the Fine Print:

The most important part of the conveyancing process begins before you even sign the Contract of Sale for the property and it’s something many buyers fail to consider. It’s the simple task of reading the contract in detail and having it reviewed by your solicitor. 

Paying Transfer Duty - How it Varies State to State:

Paying Transfer Duty - How it Varies State to State:

With the recent news of skyrocketing property prices there comes another associated rising cost in the form of stamp, or transfer duty payable on the property. Transfer duty is payable on the price of the property purchased, which means that an increase in prices brings a corresponding increase in transfer duty.

Contract of Sale – The Warning Statement:

Contract of Sale – The Warning Statement:

The state of property law in Queensland is about to be shaken up as a raft of new legislation comes into effect from 1 December 2014. This new legislation will have drastic changes on the conveyancing process, especially in the construction of the contract of sale for residential property.

Contract of Sale – The Cooling-Off Period:

Contract of Sale – The Cooling-Off Period:

When purchasing a residential property in Queensland (other than at an auction), the standard contract of sale provides the buyer with a five day cooling-off period, during which time the buyer is free to cancel the contract at any time, for any reason, including a change of mind.

Contract of Sale – Insuring the Property:

Contract of Sale – Insuring the Property:

As soon as you sign that contract to buy a property there are a whole host of things that need to be done and considered. One of these things that is often overlooked, but really should be at the top of your to-do list is the issue of insurance.

Contract Conditions – Pool Safety Certificates:

Contract Conditions – Pool Safety Certificates:

Queensland has some of the strictest laws in Australia when it comes to the regulation of swimming pools and they become especially relevant when it comes to buying or selling a property with a pool, whether it is a non-shared pool, or a shared pool.