What is a section 27?

A section 27 notice also commonly referred to as a request for early release of a deposit is as the name suggests a request made by the vendor to have the deposit that has already been paid by the purchasers for their property released to them prior to settlement. Step 1: The vendor completes, signs […]

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What is a Purchaser’s Caveat?

We recommend that a Caveat be lodged in the Titles Office to protect your interest as purchaser. By doing so, you will be telling anyone else who tries to deal with the property that your rights come first. If you do not have a caveat on the title, there is nothing to stop the Vendor […]

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What are Disbursements?

The term disbursements refer to any cost incurred on behalf of the client during the property transaction. Common disbursements include, the cost of searches to determine and or confirm the property details and any issues or encumbrances affecting the land, settlement attendance fees and the cost of general administration work with relation to the file. […]

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What is a Section 32?

The Section 32 also commonly referred to as the Vendors Statement and is the document attached to the contract of sale prepared by a Vendor which contains the information required by law to disclosed to potential purchasers. […]

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What is Land Tax?

Land Tax is a payable on all Victorian Land held individually or jointly by a person where its values are equal to or exceeds $250,000 as at the 31st of December of the previous year. […]

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What is Stamp Duty?

Stamp Duty is a tax imposed on all property purchases by the Victorian Government. The amount of Stamp Duty which applies to the transaction is determined by the property purchase price and may be reduced by concessions the purchaser is entitled to. […]

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