What ‘searches’ are conducted in a conveyance and why are they needed?
The typical searches conducted in a conveyance are: • Title Search and copy of the plan of subdivision. • Land Information Certificate from the shire council. • Water Information Statement from [...]
What does ‘Special Conditions’ mean in a contract?
Special Conditions in a contract of sale are additional conditions to the General Conditions of a contract of sale. These conditions are inserted into the contract by the Vendor’s legal [...]
What are registration fees and how much are they?
Land Registry registration fees vary depending on the purchase price of the property. The Land Registry provides a calculator in order to calculate the fees on the transfer of land which can be [...]
What is the difference between a Conveyancer and a Property Lawyer? Which one do I need?
The main difference between a conveyancer and a property lawyer is that a conveyancer specializes in property transactions, while a property lawyer has a broader scope of practice. Conveyancers: [...]
What do I need to know about buying at an auction?
The most important thing to have in place prior to buying at auction is pre-approval of your finance. You should also know what your budget is before you bid at auction, and ensure that you have [...]
Can a Vendor have the deposit to them released before settlement?
Yes, a Vendor can have the deposit released to them before settlement, however the contract must be unconditional, and the deposit paid by the Purchaser. Additionally, the Vendor must be [...]
Late Settlement Interest
From 1 July 2022, the State Revenue Office advised that if settlement is delayed and penalty interest paid by the purchaser, the penalty interest also known as late settlement interest will form [...]
