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

How long is an owners corporation certificate valid for?

How long is an owners corporation certificate valid for?
Quick answer: there's no fixed expiry date in Victorian law. The certificate must be 'current' when a buyer signs the contract, which means it accurately reflects the owners corporation's position at that time. If anything material changes, the old certificate can ... Read More

How long does settlement take on the day?

how long does settlement take on the day
After weeks of open inspections, contract reviews and finance approvals, settlement day can feel like the home stretch of your property journey in Melbourne. Yet many buyers and sellers still wonder: how long will everything actually take once the clock starts ticking? In this guide, we break dow... Read More

How can I avoid hidden transfer fees in a property purchase?

How can I avoid hidden transfer fees in a property purchase?
Buying a home in Melbourne is exciting, and a little nerve racking. After you have budgeted for the price, you still face a maze of extra costs that appear close to settlement. Some are predictable, others are not. This guide explains how to recognise the most common "hidden" transfer fees and ta... Read More