December 4, 2019
What is GST withholding?
If you’ve bought a new residential property since 1 July 2018, or one that that has been substantially renovated, then GST usually forms part of the […]
All Conveyancing News
What are material facts?
Section 12(d) of the Sale of Land Act 1962 has been amended with effect from 1 March 2020 so that a seller who knowingly conceals any […]
What is GST withholding?
If you’ve bought a new residential property since 1 July 2018, or one that that has been substantially renovated, then GST usually forms part of the […]
What happens at (electronic) settlement?
At settlement the parties to the Contract (the buyer and seller) fulfill their obligations. The buyer and/or their lender (the Incoming Mortgagee) provides the balance of […]
Are you a first home buyer?
The Duties Act regards you as a first home buyer if: You have never owned a residential property in Australia, or you have purchased a residential […]
Buying a property off the plan
If you buy a house, apartment, unit or vacant block of land off a Plan of Subdivision that has not been registered, then you are buying […]
What is a Section 27?
The deposit paid by the purchaser under a contract will generally remain in trust until settlement, when it is then released to the vendor. However, sometimes […]What is a Section 32?
Section 32 of the Sale of Land Act 1962 (Vic) prescribes that a vendor must give a signed statement to the purchaser before the purchaser signs […]The Top 7 Things to Be Careful of When Selling a House
Not all of these issues apply to all types of sales. However, failure to disclose any of them if applicable in your Section 32 Vendor’s Statement […]The Top 7 Things to Beware of When Buying a House
Not all of these warnings apply to all types of purchases: The proposed Contract contains Special Conditions that are oppressive to your interests. Special Conditions add […]
What’s the difference between a mortgage and a loan?
A mortgage occurs when a property is offered by its owner to a lender (usually a bank) as security for a loan. The owners of the […]
Electronic Lodgement from 1 October 2018
It has been a Registrar’s Requirement to lodge almost all Transfer dealings at Land Use Victoria using an electronic settlement system since 1 October 2018. That […]
Electronic lodgement from 1 March 2018
It has been a Registrar’s Requirement to lodge standalone Caveat and Withdrawal of Caveat dealings at Land Use Victoria using the PEXA electronic settlement platform since […]Update to the Foreign Resident Capital Gain Withholding Tax
If you’ve sold a property on or after 1 July 2017 for $750,000 or more, you will be liable to have 12.5% of your sale proceeds […]The 4 major banks and electronic Certificates of Title
On 23 October 2016, every Victorian paper Certificate of Title that was first mortgaged on that day to one of the four major banks (i.e. ANZ, […]
What is partition?
If you are a part owner of two lots in a subdivision, both in joint ownership with another party, you may be able to utilise the […]Foreign Resident Capital Gain Withholding Tax
If you’ve sold a property on or after 1 July 2016 for $2 million or more, you will be liable to have 10% of your sale […]Glenferrie Conveyancing leads the state in electronic settlements
As at 23 August 2016, Glenferrie Conveyancing Pty Ltd has conducted more PEXA electronic settlements during 2016 than any other practitioner (conveyancer or legal practice) in […]Obtaining a certified copy of your Power of Attorney
If you have been appointed as the Attorney for another person or a company (“the appointor”), and you wish to execute a dealing on the title […]How electronic settlement saves you money
During 2016-17, the cost for an electronic settlement is $107.80, or $122.98 if there’s more than one title involved. Glenferrie Conveyancing will absorb half of this […]What’s new in 2016-2017?
For all contracts entered into from 1 July 2016, the additional stamp duty that is payable on the purchase of a residential property within Victoria by […]Lost Certificate of Title
In order to settle the sale of your property, you or your mortgagee must provide the original Certificate of Title for the property at settlement. Your […]
Verification of Identity
Since November 2015, it’s been a Land Victoria requirement that any person who’s buying or selling property has to have their identity verified. This includes the […]
Information for buyers – money and settlement
If you’re buying a property, at settlement you are obligated to pay the seller the adjusted settlement price. For settlements that are not conducted electronically, this […]Progress with Electronic Settlement
As of the date of this posting, Glenferrie Conveyancing Pty Ltd has conducted 9 settlements for its clients using the PEXA electronic settlement platform – 6 […]Your Wish is Granted – Help for First Home Owners
If you’ve been looking to buy your first home in Victoria you might be thinking that you’re facing an uphill battle. Between finding that first home […]
Successful Selling – Contractual Obligations When Selling Property in Victoria
If you’re ready to sell your family home, your investment property or even a holiday house, there are a range of things you have to consider. […]
Your Roadmap for Buying Property in Victoria
View full size View full size Transcript: Before You Buy. If you would like Glenferrie Conveyancing Pty Ltd to review your proposed Contract and Vendor’s Statement […]
The Essential Steps to Land Subdivision in Victoria
If you want to secure your finances and protect your family’s future you might have thought about investing in properties and why not? Property investment is […]Everything You Need to Know about Stamp Duty as a Foreign Buyer
There are plenty of costs involved in buying a property but there are also plenty of good reasons to take the plunge. Buying property can mean […]Understanding Special Conditions – Common Contract Traps for Property Buyers
When it comes to making the right purchase, modern day consumers are savvy. We don’t just look at a car’s shiny paint job or its great […]
January 7, 2020
Section 12(d) of the Sale of Land Act 1962 has been amended with effect from 1 March 2020 so that a seller who knowingly conceals any […]
December 4, 2019
If you’ve bought a new residential property since 1 July 2018, or one that that has been substantially renovated, then GST usually forms part of the […]
November 2, 2019
At settlement the parties to the Contract (the buyer and seller) fulfill their obligations. The buyer and/or their lender (the Incoming Mortgagee) provides the balance of […]
October 9, 2019
The Duties Act regards you as a first home buyer if: You have never owned a residential property in Australia, or you have purchased a residential […]
September 3, 2019
If you buy a house, apartment, unit or vacant block of land off a Plan of Subdivision that has not been registered, then you are buying […]
August 3, 2019
The deposit paid by the purchaser under a contract will generally remain in trust until settlement, when it is then released to the vendor. However, sometimes […]
July 2, 2019
Section 32 of the Sale of Land Act 1962 (Vic) prescribes that a vendor must give a signed statement to the purchaser before the purchaser signs […]
June 7, 2019
Not all of these issues apply to all types of sales. However, failure to disclose any of them if applicable in your Section 32 Vendor’s Statement […]
May 6, 2019
Not all of these warnings apply to all types of purchases: The proposed Contract contains Special Conditions that are oppressive to your interests. Special Conditions add […]