The appeal of buying off the plan Buying off the plan is a great plan – right? There are plenty of advantages – a lower deposit, a brand spanking new property with your choice of fixtures and fittings, a guaranteed price, to name a few.…

When Maria signed the contract for her first home, she felt she was purchasing the unit of her dreams. But her property dream started to look like a nightmare when she discovered she had purchased a company share, with potentially disastrous consequences. In this article,…

When you are buying or selling residential property in Victoria, you will sign either an unconditional contract of sale or a conditional contract of sale. An unconditional contract is legally binding immediately upon signing, meaning both parties are obligated to complete the contract by settling…

When purchasing a property, it is important to understand the ongoing costs associated with the property. These include things such as your mortgage repayments, council rates, owners corporation levies, and land tax. So what is land tax? Just as it sounds, this is a tax…

In Victoria, when an owner is selling real estate property they have a responsbility to disclose certain information regarding that property. These disclosure obligations fall under Section 32 of the Sale of Land Act, hence the name Section 32 Vendor Statement. Information which requires disclosure…

There are many things you need to consider when purchasing a property, whether that is the style of the house, its location, the bank in which you will be obtaining a loan through, or your offer terms. Stamp duty, more formally known as land transfer…

Whether you are a first home buyer or hunting for another investment property, understanding the Contract of Sale you are about to sign and the accompanying Section 32 Vendor Statement is just as important for your pre-purchase due-diligence as inspecting the property is. The Contract…