Real Estate Sales & GST
New laws come into effect from the 1st of July, 2018. Will this apply to you? You need to find out if your sale of real estate sale will trigger a liability to pay Goods and Services Tax (GST).
Review Conveyancing Contract Prior to Signing
Reviewing a Conveyancing Contract in Victoria is a recommended MUST do as part of any due diligence of a purchaser of real estate in Victoria. Low Cost Conveyancing offers such a recommended service on two levels.
Buying or Selling Conveyancer
Whether you are buying property in Pakenham or Berwick through to Melbourne, Werribee, Hoppers Crossing and Geelong, cheap low cost, conveyancing is at hand.
Selling a property over $750,000 in value
…then you need a Clearance Certificate prior to settlement or you could lose 12.5% of the sale price!
Conveyancing Fees rebate up to $1000
ANZ are offering Conveyancing fee rebate up to $1,000 for first home buyers subject to terms and conditions
Strong Growth in the Melbourne Property Market Is Behind Higher House Prices Nationwide
We found this article of interest by Miklos Bolza of the Australian Broker printed in Aug 2017.
Strong growth in the Melbourne property market is behind higher house prices nationwide, according to new data from property research firm CoreLogic.
The July 2017 CoreLogic Hedonic Home Value Index recorded a 1.5% increase in dwelling values across the combined capital cities for the month. While most capitals experienced an uptick, Melbourne was ahead of the pack with a 3.1% gain.
Stamp duty changes from 1 July 2017
The Victorian government has implement a range of Conveyancing related changes that Low Cost Conveyancing has been abreast of.
One that will affect a few of our clients is that spousal transfers of property other than the principal residence (your home) will attract stamp duty from 1 July unless there is a court order.
e-Conveyancing minimises the manual processes and paperwork associated with property settlement by enabling Low Cost Conveyancing and financial institutions to transact together online.
It enables the lodgment of large documents and the completion of financial settlements electronically.