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 placed on land by the State Revenue Office which land […]
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 in a Section 32 Vendor Statement include things such as […]
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