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BUYING A STRATA OR COMMUNITY TITLE PROPERTY – WHAT IS THE DIFFERENCE

Purchasers regularly asked the question “What is the difference between a Community Title and Strata Title”.  Here are the comparisons that should assist with this query. Strata Title Prior to 1996 properties that were divided into units were set up as Strata Title. A unit in a Strata Plan is defined by the structural sections…

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CAVEAT EMPTOR (BUYER BEWARE) – 5 TIPS WHEN PURCHASING PROPERTY

Caveat Emptor – What does this mean? Have you heard the term Caveat Emptor? It is a Latin term that means “let the buyer beware” or in South Australia usually phrased “Buyer Beware”. When buying real estate it means the buyer assumes the risk that the property may not be what they expected or may…

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E-CONVEYANCING – PEXA – A REVIEW

Have you bought a property that was settled using Electronic Conveyancing (e-conveyancing). This system of transferring real property has been in place for some time now and the fundamental changes are starting to take effect. These changes not only affect how practitioners such as conveyancers and solicitors carry out transactions on their clients’ behalf but…

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YOUR CORRECT ADDRESS IS CRUCIAL TO YOUR PURCHASE. LEARN WHY!

The contract has been signed and the address has been noted by the agent as 3 Smith Street on the contract. This is what the vendor had advised it should be and the letterbox also had that number on it. That is what you would expect the address to be and of course that is…

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MCKAY BUSINESS TURNS 20

  McKay Business Services has just turned 20 so I thought I would review how it all started and how the business has developed to where it is today. I didn’t start off my career in conveyancing or even in the property industry. My beginning was in the banking industry and after having my children…

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