Property & Conveyancing

What are requisition on title?

Requisitions on title are essentially questions relating to the sale. They can include questions not addressed in the Contract i.e. if there are any disputes with neighbours about fencing. A request for requisitions, should be made within 21 days from the date of the Contract. Purchasers can make general and specific enquires about the property …

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First Home Buyers Deposit Scheme

From 1 July 2021 to 31 June 2022 the First Home Loan Deposit Scheme will be available to 10,000 eligible first home buyers. The First Home Buyer Loan Deposit Scheme is an Australian Government program to support eligible first home buyers purchase their first home sooner. Under the scheme, National Housing Finance and Investment Corporation …

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FAQ’s- Purchasing a Property

What is Private Treaty? This is a standard residential property transaction. This is when the vendor, or home owner sets the price they would like to sell their property for and their real estate agent negotiates individual with the purchaser to achieve a sale as close this the asking price as possible.   What is …

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Buying a property at Auction

When purchasing at Auction you need to be prepared. If you are the successful bidder at Auction, the Contracts are exchanged unconditionally. It means there is no cooling off period and you are bound to the terms of the Contract. What do I need to do? Once you have found a property you need to …

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Homesafe Wealth Release vs Reverse Mortgage

There are a number of products on the market aimed at allowing people over the age of 60 to obtain access to money by using the real estate property that they own as a basis for obtaining those funds. Most of the products on the market are what are known as Reverse Mortgages. There is …

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Transfer (Stamp) Duty Changes for First Home Buyers

The NSW government has announced as part of the NSW Government COVID- 19 Recovery Plan that the threshold for stamp duty paid on new homes for first home buyers will increase. To be eligible for the exemption or concession in the transfer duty you will need to be a first home buyer who purchases a …

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Process of purchasing a property

1. Decide to Purchase Before you commence looking for a home: Make a list of the features you are looking for in a property; Speak to your lender regarding how much you can borrow. 2. You’ve found a property The agent will liaise with you directly in regards to the negotiations of the purchase price. …

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Transfer Duty

A common question that is asked is when is my transfer duty (also referred to as stamp duty) payable? In New South Wales transfer duty is payable the earlier of settlement or within three (3) months from the date of exchange. If you are purchasing off the plan (where a home is to be erected …

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Process of Selling your Property

1. Decision to Sell You decide to sell: You appoint a real estate agent; You sign an agency agreement. 2. Preparing the Contract for Sale of Land At this point, you should speak to Megan from our Property Department she will prepare the Contract for Sale of Land. Before the property can be advertised or …

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Disclosing a Murder or Drug Misuse

An agent must not fail to disclose a “material fact” that the agent knows or our should have taken reasonable steps to make themselves aware of. (An agent should take reasonable steps to gather all relevant information on a property they are selling or renting). So, what is a “Material Fact”? The NSW Fair Trading …

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