The Melbourne real estate market has shifted in favour of buyers. Stock levels sit above average, and vendors are accepting higher discounts. This is good news for anyone planning to buy a home in Melbourne or surrounding suburbs. However, it also means more people will need the services of a conveyancer. Keep reading to learn…
Selling your residential property is one of the most significant financial transactions you will ever make. Conveyancing laws govern the sale of property. These laws can feel complex and overwhelming if you have not dealt with them before. It is important to appoint a professional early. They help you understand your obligations as a seller…
Buying off the plan means purchasing a property that has not yet been built. As a result, the contract usually does not include a fixed settlement date. Instead, it provides an estimated timeframe that depends on construction and regulatory approvals. What is a sunset date? A sunset date is the final date set in the…
Anyone who sells land in Victoria must disclose certain information to the purchaser. They do this by providing a disclosure statement. This is commonly called a “vendor’s statement”. Importantly, the vendor must provide it before the purchaser signs the contract of sale. In October 2014, significant changes came into effect. These changes updated what vendors…
Most people buy a home using savings, proceeds from a sale, and a bank loan. Getting finance involves several steps and costs. It is important to understand your mortgage terms and seek legal advice where needed. What is a mortgage? When you borrow money from a bank to buy a home, the bank takes a…
Right now in Victoria, there are new incentives available for first home buyers looking to enter the property market or move out of renting. These schemes are designed to make buying a home more achievable, particularly for those struggling to save a deposit. In addition to government support, some builders and developers are also offering…
Many couples separate on good terms. This is positive, especially when children are involved. Separation is still difficult, but cooperation can help both parties move forward. Some ex-partners agree informally on how to divide property. However, failing to formalise a property settlement can create serious risks. This is especially true where assets, debts, or pre-existing…
Before we explain the process of conveyancing in Melbourne, it is important to understand what conveyancing actually is. Conveyancing refers to the legal process of transferring property from a vendor to a purchaser. It can also include the process of registering a mortgage with a lender. The process can take around 30 days, but it…