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WHAT IS A CERTIFIED PRACTISING CONVEYANCER (CPC)?

CPC – WHAT DOES THAT MEAN? The title of Certified Practising Conveyancer (CPC) is awarded to conveyancers who annually meet the standards set by each Division of the Australian Institute of Conveyancers (AIC) to maintain best practice and shows that they strive to grow and develop their knowledge by attending professional development courses each year. It…

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PROPERTY AND NEW GST COMPLIANCE LAWS

ARE YOU BUYING AN APARTMENT, A NEW BUILDING OR SUBDIVIDED LAND? From 1st July 2018 it will be your obligation as the Purchaser to pay the GST component of the purchase price directly to the ATO instead of the Vendor (referred to as “Supplier” in the ATO Guidelines). This obligation applies to property that is…

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FAMILY / MATRIMONIAL TRANSFER & PROPERTY TITLE AMENDMENTS

Life is forever changing for all of us and sometimes the impact of these changes is beyond what we can see in front of us. Such changes can be something positive like marriage or beginning a same sex de facto relationship or conversely it could be a death in the family. Either way these situations…

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FORM 1 AND COOLING OFF RIGHTS – WHAT ARE THEY?

WHAT IS A FORM 1? The Form 1 (Vendors Disclosure Statement) is the formal statement that must be served on the Purchaser and provides the cooling off rights and certain details relating to the property being sold. It is required under Section 7 of the Land and Business (Sale and Conveyancing) Act 1994. A Form…

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INTEREST RATE CUTS & INCREASES – HOW DO THEY AFFECT YOU?

The Reserve Bank of Australia (RBA) has held our interest rates at an all time low for some time now. This is good news for first home buyers entering the market but a word of warning. How would you feel if your repayments increased by nearly $3000.00 per month. Scary but if the rates increased…

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