First Home Owner Benefits The First Home Owner Grant was scaled back a couple of years ago, to be just $10,000 for a first home owner buying a new home under the value of $750,000. This will be doubling from 1 July 2017 for new homes in regional Victoria, for first home owners, from $10,000 […]
What is Title Insurance? by Jacqui Brauman Title insurance is a relatively new concept, and something that I only came across in the last 4 years. I have adopted it into my practice in the last two years, and offer it to clients as an extra protection. It also offers me some cover, because if […]
Verification of ID by Jacqui Brauman There are some big changes coming through for the process of conveyancing. They have been in the making for a couple of years, and are now of the verge of implementation – national electronic conveyancing. This will affect anyone buying, selling or transferring property. As part of the electronic […]
Stamp Duty on Land Transfers All transfers of land, including gifts, attract stamp duty. Stamp duty is calculated on the greater of the price paid (consideration) or the market value. Water entitlements sold with land are non-dutiable, so stamp duty does not apply to water. There are exemptions and concessions on the payment of stamp […]
8 Tips to Buying Real Estate by Jacqui Brauman It may be your first time buying a property, or you may have done it before but not taken much personal responsibility for the process. But now, you want to be more in control, have more certainty, and not be at the mercy of other people. […]
The person youâ€™re negotiating with to buy it from you doesnâ€™t have enough money to pay you what you want, try vendor finance.