With effect from 1 July 2016 new legislation has come into operation, whereby when a foreign resident disposes of certain taxable assets, the buyer of that asset will be required to withhold 10% of the purchase price and pay that amount to the Australian Tax Office (ATO).
The legal sector is continuing to evolve and the segmentation and commoditisation of consumer legal services will soon follow that of corporate legal services, according to the director of lawlab.
Recent and upcoming state budgets are bad news for foreign buyers but better news for some first home buyers.
Before you buy a property you need to ask yourself two key questions, how will you buy the property and what exactly are you buying? Getting answers to these two questions can make all the difference in a property investment.
All Conveyancing senior legal advisor Jodie Romanes discusses the new incentives announced last week.
Illegal building is a common risk for property buyers, but most aren’t aware that their new home may just come with a disastrous DIY job. It is reported that as many as 30% of buildings in Australia have some form of illegal building, and as a buyer, it’s important to arm yourself with the knowledge of the risks that illegal building works pose.
It is becoming increasingly popular for investors to buy property interstate to take advantage of opportunities that may not be available in their own state.
Many parts of Australia have experienced a property boom in recent years and now more than ever home-owners and investors are looking to cash in on the boom by trying their hand at property development.
A recent survey of REIV members found more than 70 per cent of agents indicated underquoting laws require change. Consumer Affairs Minister, Jane Garrett, has proposed significant reforms to the Estate Agents Act 1980 (‘EAA’) to address this sentiment and tackle rogue operators within the industry.
Four questions you should ask your conveyancing lawyer Conveyancing 101 Settling at the last minute
