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INSURANCE AND RISK WHEN BUYING PROPERTY

INSURANCE AND RISK – HOW DOES IT AFFECT YOU? You’ve entered into a Contract to buy a property and the question arises about insurance. When should you insure the property? The answer to this is quite simple and it is when you actually sign the contract though most purchasers take out insurance or at least…

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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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WHAT IS TITLE INSURANCE?

Title insurance is a specialty insurance policy that protects the legal ownership of your property and can cover you for costs arising from risks you do not know about or are not disclosed by the Vendor as part of the normal conveyancing procedure. They are matters or events that come to light after settlement has taken place…

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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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