Most have been told stamp duty is based on the contract price, then discover off the plan purchases use a different calculation.The short answer: In Victoria, off the... Read More
A standard building inspection in Victoria is not the same as a timber pest inspection. A building report is usually prepared under AS 4349.1-2007 and the Victorian contract treats it separately from a pest report, which must be prepared to the relevant Australia... Read More
In Victoria, rely on the Certificate of Title and registered Plan of Subdivision, not the agent’s brochure, because General Condition 7 in the standard LIV/REIV contract usually stops a buyer claiming compensation for a deficiency in area. A serious shortfa... Read More
Yes, genuine chattels can reduce Victorian stamp duty because land transfer duty is assessed on the dutiable value of the land and fixtures, not loose removable goods. The key limits are strict: first home buyers pay no duty up to $600,000 and reduced duty from $... Read More
Buying a home from a divorcing couple in Victoria is usually safe if the contract is properly signed and the title is clear. Every registered owner, or someone with valid authority for them, must sign the contract and transfer. A non title spouse may lodge a cave... Read More
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