What are the rules for the first home buyer grant in Victoria

What are the rules for the first home buyer grant in Victoria?
Buying your first place in Melbourne is a heady mix of excitement and spreadsheets. The First Home Owner Grant (FHOG) can take a bit of pressure off the budget, but only if you tick the right boxes. Here's a friendly guide that keeps the jargon to a minimum and the rules straight.First Ho... Read More

Who draws up the contract for sale?

Who draws up the contract for sale
If you're about to sell in Melbourne, you'll hear the same question over and over: who actually draws up the contract for sale?Short answer: In Victoria, it's prepared on the seller's side, usually by the seller's licensed conveyancer or solicitor, and it's paired wit... Read More

Why is it called section 32?

Why is it called section 32?
If you have spent any time at open homes around Brunswick, Glen Waverley or Point Cook, you have probably heard an agent say, 'The Section 32 is ready to view.' It sounds technical, maybe even a bit mysterious, and it can feel like one more hoop to jump through on an already stressful journey. He... Read More

Government 5% Deposit Scheme

Government 5% Deposit Scheme
What Is the Government 5% Deposit Scheme?If you live in Melbourne and you are saving every spare dollar for a first home, the government 5% deposit scheme can feel like a breath of fresh air. You no longer have to wait until you hit a full 20% deposit to buy; in many cases you can purcha... Read More

Is Land Tax Adjusted At Settlement

Is Land Tax Adjusted At Settlement
If you are buying or selling in Melbourne, the simple answer is no for most deals: from 1 January 2024, a vendor cannot pass land tax to the purchaser in a contract of sale where the sale price is under the statutory threshold amount.Any clause that tries to do so is ... Read More