If you’ve found your perfect new QLD home or investment property, and it has a ‘sitting tenant’ (meaning there is currently a tenant/s residing there who will be staying there when the property becomes yours) – you may be wondering how this may affect the amount of stamp duty (transfer duty) you’ll be [...]
Feeling the call to move to the Sunshine state? Conveyancing processes and rules can differ quite dramatically from state-to-state. Here's a list of things every buyer looking to purchase in Queensland should know: In QLD, property purchase contracts are “buyer beware” – in other words, it is up to incoming buyer to do [...]
In Queensland, foreign persons buying certain residential properties are subject to Additional Foreign Acquirer Duty (AFAD). The government introduced this payment to ensure foreign acquirers of residential property who benefit from government services and infrastructure also contribute to their delivery, the same as local buyers. *Note: for some New Zealand citizens, there are [...]
In his bestselling book “The Barefoot Investor”, Scott Pape says: Make sure you cough up and get good legal advice before you sign anything. An experienced conveyancer is worth their weight in gold (Page 129). Like in most industries, there is no shortage of cut-price Conveyancers seeking to lure clients in with an unmatchable [...]
If you are buying residential property in Queensland, and your contract is subject to you completing building and/or pest inspections on the property, here are some things you need to be aware of: You need to organise your inspections promptly. In QLD, ‘time is of the essence’ meaning the deadlines that are in the [...]
Short answer…no – only under certain circumstances. When you may be able to amend a name… In QLD once a property contract is fully executed by the buyer/seller and dated, the name of the parties cannot be changed. It may be possible for minor changes be made such as: Correcting misspelled names: Name spelling must be [...]
A contract is a legally binding agreement & particularly where there is a lot of money changing hands (for example, a house or property purchase contract), it is so important to know exactly what you are signing. We always recommend having a solicitor check over your property contract BEFORE you sign it. It [...]
A note for all Queensland property owners with a pool or spa: From 1 December 2015, all Queensland property owners must ensure their swimming pools and spas: Are registered with QBCC (Queensland Building & Construction Commission); Comply with pool safety standards; and Have a current pool safety certificate. Penalties for failing to ensure that your [...]
