Real Estate and Development
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What Are Sunset Dates?
The current public debate on sunset dates Article by Peter Lee, Property Law Accredited Specialist There has been plenty of public debate lately about sunset dates and the termination of contracts. Mainly these focus on the plight of buyers who signed a contract years ago at what was then market prices, which price has now...
E-conveyancing: risks and rewards
What is e-conveyancing? E-conveyancing refers to property transactions that are settled electronically, and as of February 20 this year, they’re compulsory in Queensland. Mandatory e-conveyancing aims to ensure property transactions are completed quickly and consistently, and it also brings Queensland into line with New South Wales, Victoria, South Australia, and Western Australia, which have had...
Don’t sign that contract just yet
One of life’s biggest commitments Buying a house is one of the biggest financial and emotional commitments you’re likely to make, so it’s important to ensure every detail is just right. Why contract review matters Getting a sale contract review by a qualified solicitor could potentially save you a lot of heartache, money and time....
What is the principal place of residence exemption?
Capital Gains Tax (CGT) and Property Sales When a property is sold, it is a Capital Gains Tax (CGT) asset, meaning you may be liable to pay tax on all, or part of the profits from the sale. However, there’s an exemption for a property that is your principal place of residence – the home...
The differences between residential and commercial conveyancing
The differences between residential and commercial conveyancing Whether you are purchasing or selling a home, residential investment, or a commercial investment, there are many similarities involved in the transfer of ownership of these different kinds of properties. There are also some important differences in the processes and complexities involved that you should be aware of…...
What is e-conveyancing?
What is E-Conveyancing? E-conveyancing refers to property transactions that are settled electronically, and as of February 20 this year, they’re compulsory in Queensland. Mandatory e-conveyancing aims to ensure property transactions are completely quickly and consistently. It also brings Queensland into line with New South Wales, Victoria, South Australia, and Western Australia, which have had e-conveyancing...
Residential contracts – what’s new for buyers
What Buyers Need to Know Australians’ obsession with the property market continues unabated. Earlier this year the Real Estate Institute of Queensland (REIQ) brought in some changes to the way contracts for sale are drawn up. As a buyer, here’s what’s new for you: Compliant smoke alarms: Smoke alarms must be installed in any domestic...
The Importance of Working With a Lawyer to Do Property Conveyancing
Whether you’re buying a commercial or residential property, you’re probably familiar with the role that real estate agents play in the process. They’re probably the most visible presence throughout the entire transaction, as they’re doing their best to convince you to purchase the property. However, what many people don’t know is the importance of residential...
Residential Contracts – What’s New for Sellers
As the property market continues to heat up, sellers are reminded there are several new obligations when it comes to residential contracts. Here’s a summary of what you need to know before completing the sale of your house or land: Compliant smoke alarms: You must install smoke alarms in any domestic dwelling. If you fail...
Building Contract Woes
With the increase in the cost of building materials and delays in construction due to labour shortages and other issues, we’re getting a lot of questions about building contracts. Can your builder increase the price of a fixed-price building contract? In most cases, no. Although there are some exceptions including: Rise and fall clauses Prime...
Questions You Should Ask Your Brisbane Conveyancing Solicitor
A good conveyancing solicitor will help ensure that you don’t have any regrets about a property transaction, even years later. They will make sure all the paperwork is in order and that your interests are protected. Here are some of the answers to some of the most common questions a conveyancing lawyer gets. We hope...
5 Common Residential Conveyancing Mistakes to Avoid
Conveyancing is a long and arduous process that every home buyer or seller must face. There’s really no skipping it as you need it if you want to buy or sell a property and make sure that the transaction goes smoothly. If you’re new to the idea of conveyancing, there are a few things you...