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2017 – Current cooling off period laws and changes
- August 29, 2017
- Posted by: provey
- Category: Articles
2 Comments
The Right to Cool Off in 2017 (Cooling Off Laws in Victoria) Most of us are aware of the purchaser’s right to change their mind after signing a contract to purchase real estate (even if the vendor hasn’t signed anything to accept your offer).
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Will first home buyers finally catch up to investors?
- July 1, 2017
- Posted by: provey
- Category: Articles
As the Victorian Government moves to cut stamp duty for first home buyers, find out what it means for you. 1 July is here, and it brings good news for first home buyers across Victoria: stamp duty will be completely abolished for properties valued under $600,000. For properties valued between $600,000 and $750,000, first home -
Section 32 Review Series – How to Read a Planning Certificate
- August 22, 2016
- Posted by: Sean McArdle
- Category: Articles
How to read a planning certificate? A planning certificate is intended to inform a purchaser about town planning rules and restrictions that apply to a property. In practice, it doesn’t achieve this. This is because: The actual rules that apply aren’t included in the certificate just the name of applicable controls, which for most
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Wills and the Importance of having one when you own Real Estate
- May 23, 2016
- Posted by: provey
- Category: Uncategorized
If you are considering purchasing or selling your residential home, it is also a good idea to consider making a new Will or updating an old Will. Making a new Will is especially important when you are entering into a large financial transaction like buying a house as doing so changes your financial circumstances. A
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RBA Monetary Policy – First Interest Rates Cut since 5 May 2015
- May 3, 2016
- Posted by: provey
- Category: Uncategorized
Today the Reserve Bank of Australia reduced the cash rate interest rate by 25 basis points to 1.75%.
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Cooling off notices cannot be accepted by real estate agents
- March 17, 2016
- Posted by: provey
- Category: Articles
Important Update: The below article is not current. The position has now changed with amendments to section 31 of the Sale of Land Act and an overturning of the decision at the Court of Appeal, thus allowing real estate agents to receive cooling off notices. Most of us are aware of the purchaser’s right to
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Pre Purchase Building Inspection Melbourne
- May 13, 2014
- Posted by: provey
- Category: Articles
Looking into buying a new home or investment property can be a stressful time for the best for us. With so many aspects to consider most purchasers find that they unaware or simply forget the principle of caveat emptor or “Buyer Beware”. As a purchaser in the state of Victoria, one is strongly urged to
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1 July 2013 Changes to Stamp Duty and First Home Owners Grant
- July 2, 2013
- Posted by: provey
- Category: Articles
A number of changes were announced on 28 April 2013 relating to state taxes and grants for 2013/14. The changes effective from 1 July 2013 relate to: First Home Owners Grant Incentive First Home Buyer Duty Reduction New Stamp Duty Reduction Forms
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May 2013 Essential Update – First Home Owners Grant
- May 17, 2013
- Posted by: provey
- Category: Articles
UPDATE –> Stamp Duty Concession Update 1 July 2013 Summary From 1 July 2013 First home buyers will receive $10,000 if they purchase a new home (off the plan, land and building, etc). First home buyers will be entitled to a 40% reduction on stamp duty (subject to eligibility – see below).
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First RBA Interest Rates Cut to Record Lows
- May 7, 2013
- Posted by: provey
- Category: Articles
The Reserve Bank of Australia has cut the cash rate interest rate by 25 basis points bringing the figure down to 1.75%.
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