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 […]

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 […]

electronic settlement is now compulsory in Victoria for all settlements apart from a few relatively rare exceptions. What are the savings with electronic settlement, compared to […]

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 […]

Many people who own land without a mortgage hold their paper Certificate of Title.  Particularly, the older parchment ones are quite beautiful. However, there is a […]

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 […]

Why is electronic settlement such a good thing for buyers and sellers? 1. Once an electronic settlement has been made Ready by all of the parties […]

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 […]

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, […]