Conveyancing

Stamp Duty Concessions – Do You Qualify For A Discount?

2018-09-05T16:01:24+10:00September 5th, 2018|Categories: Conveyancing|Tags: , , , , , , |

When purchasing a property in Queensland, transfer duty (aka. stamp duty) must be paid to the government. The amount is based on the purchase price on the contract. The good news is there are certain situations when you may qualify for a concession.  Are you buying your first home? The largest [...]

Just Signed To Purchase A Property? Now You Need To Arrange Insurance Cover

2018-09-12T17:05:11+10:00August 29th, 2018|Categories: Conveyancing|Tags: , , , , |

One of the most important things buyers often overlook is the importance of insuring the property you are buying immediately after signing the contract. You need to do this even though you will not be the owner of the property until settlement is completed, which may be several weeks away. Why? In Queensland, [...]

Property Buyers: What You Need To Know About The New GST Withholding Laws

2018-09-12T14:52:58+10:00July 28th, 2018|Categories: Conveyancing|Tags: , , , , , |

There have recently been changes to legislation, which now places a responsibility on the buyer to withhold the GST amount from the contract price and pay the GST directly to the Australian Taxation Office (ATO). These changes affect transactions that involve new residential premises or potential residential land, and in some cases, long [...]

The Barefoot Investor Says This About Choosing A Conveyancer…

2018-07-10T17:01:50+10:00July 10th, 2018|Categories: Conveyancing|Tags: , , , , , |

In his bestselling book “The Barefoot Investor”, Scott Pape says: Make sure you cough up and get good legal advice before you sign anything. An experienced conveyancer is worth their weight in gold (Page 129). Like in most industries, there is no shortage of cut-price Conveyancers seeking to lure clients in with an unmatchable [...]

The Pros & Cons of Waiving the Cooling-Off Period (QLD Property Law)

2018-07-10T16:13:16+10:00March 10th, 2018|Categories: Conveyancing|Tags: , , , , , |

In Queensland, a statutory cool-off period is available to buyers purchasing residential property. This gives a buyer up to 5 business days, from receiving a fully executed copy of the contract, to terminate the contract for any reason. If the buyer elects to terminate the contract by cooling off, then the seller may charge the [...]

Building & Pest: 5 Things To Know

2018-07-10T16:41:39+10:00March 3rd, 2018|Categories: Conveyancing|Tags: , , , , , |

If you are buying residential property in Queensland, and your contract is subject to you completing building and/or pest inspections on the property, here are some things you need to be aware of: You need to organise your inspections promptly. In QLD, ‘time is of the essence’ meaning the deadlines that are in the [...]

Can you change a name on a signed property contract in QLD?

2018-07-10T16:48:58+10:00October 10th, 2017|Categories: Conveyancing|Tags: , , , |

Short answer…no – only under certain circumstances. When you may be able to amend a name… In QLD once a property contract is fully executed by the buyer/seller and dated, the name of the parties cannot be changed. It may be possible for minor changes be made such as: Correcting misspelled names: Name spelling must be [...]

Why You Should Get Your Contract Checked By A Solicitor

2018-07-11T14:41:48+10:00May 11th, 2017|Categories: Conveyancing|Tags: , , , , |

A contract is a legally binding agreement & particularly where there is a lot of money changing hands (for example, a house or property purchase contract), it is so important to know exactly what you are signing. We always recommend having a solicitor check over your property contract BEFORE you sign it. It [...]

What Are Searches & What Do They Do?

2018-07-10T17:00:38+10:00February 10th, 2017|Categories: Conveyancing|Tags: , |

Searches & Enquiries are very important when you are buying or selling property, a business, shares or goods. Searches provide you with necessary information about the parties to the contract & item being transferred which, if undertaken prior to final payment, may save you hundreds or thousands of dollars, or a legal nightmare [...]

Gold Coast First: Sempre Vero Commence E-Conveyancing

2018-07-11T14:51:31+10:00August 12th, 2016|Categories: Conveyancing, News|Tags: , , , |

We are excited to announce that Sempre Vero Lawyers is now subscribed to the national electronic conveyancing settlements system, PEXA and we can complete your conveyance settlement electronically.This has many benefits, including:All settlement funds are disbursed electronically. This means, as a seller you will have cleared funds in your account on the day of settlement and you will [...]