The Contract of Sale is split into the Contract and the Vendor Statement. The Contract is broken up into the Particulars of the sale, the General Conditions and the Special Conditions. The Vendor Statement is all of the information that

AFFORDABLE EXPERT SERVICE TIME Conveyancer ✓ X X Lawyer X ✓ X Your Property Australia ✓ ✓ ✓   Let’s take a look at the real differences between a conveyancer and a lawyer (not the boring ones that most conveyancing

If the whole property is held equally between two parties then they are Joint Proprietors. When one of the Joint Proprietors dies, their share in the property passes to the other person. If the property is held in equal divisible

Auctions are unpredictable at the best of times. One minute you’re looking through the property and the next you are in the middle of a life and death battle to win the auction, throwing your hands into the air as

Family comes first. If your family has offered you money to purchase a property then keep reading to understand how to make sure it doesn’t cause huge problems in the future. One of the biggest worries for first home buyers

If you thought that your pre-retirement years were going to be filled with more golf and long lunches then think again! Current property prices in Melbourne are out of the financial reach of many young homebuyers. Parents are increasingly having

Like the Spice Girls, both buyers and sellers of property need to tell the other party what they ‘really really want’ in a Contract of Sale. If you don’t put what you really really want in a Special Condition then

We’ve been there before. It’s Saturday morning, you’re at an open for inspection eyeing off every other person looking at the property you’re quickly falling in love with. The real estate agent tells you that there is ‘plenty of interest

When it comes to an auction you better know the character you are playing. That’s right, it’s not enough to turn up and hope for the best. If you want to be the highest bidder when the final hammer falls

In this edition of Worst Case Scenario, we take a look at what happens if you can’t get finance. This situation happened earlier in the year when a client received notice that their off the plan property was ready to

‘Off the Plan’ property is commonly misunderstood by purchasers. We take a look at what makes ‘Off the Plan’ different from your traditional purchase by answering some of our client’s recent questions. WHY IS IT CALLED ‘OFF THE PLAN’? AREN’T

We had a great response to our first article, answering some of your questions about purchasing properties ‘off the plan’. We’ve compiled a list of the most commonly asked questions and provided answers for you below! HOW MUCH DEPOSIT DO

The $10,000 First Home Owners Grant (FHOG) is available to eligible purchasers when they buy or build their first new home. The grant is boosted to $20,000 for eligible first home owners buying in regional Victoria. There are essentially two steps to

The major difference between the First Home Buyers Grant (FHOG) and the First Home Buyers Exemption, Concession or Reduction is how you receive assistance from the government. The First Home Owners Grant gives you money ($10,000 in metropolitan areas and $20,000 in regional Victoria) to build

Many of our clients have told us that in past property transactions they have been overwhelmed by the entire process…despite hiring a conveyancer or lawyer to assist them. Whilst there is always going to be stress surrounding a large property

You might remember seeing a news article in September 2018 about a Melbourne man who had purchased a home with illegal building works. Click here to read more. Hao Dong had purchased the property at auction 2 years before and after a

If a property fails to settle on time then penalty interest may be payable on the amount owing under the Contract of Sale. We say ‘may be payable’ because it is at the discretion of the party who is ready

We had a new purchaser client who recently signed a contract of sale with settlement due in just 30 days. Whilst the parties can agree on any time frame for settlement (sometimes this can extend to years), as a rule

Also known as a Section 32, a Vendor Statement includes all of the information that you need to know about the property you are buying or selling. Why is it called a Section 32? A Vendor Statement is also called

The breakdown of a relationship can be an incredibly stressful and sad time in someone’s life. The burden of having to organise the couple’s joint assets (think property, bank accounts, physical items like furniture, white goods and electronics) adds another

Preparing for an auction is more than stopping for a takeaway coffee on a Saturday morning! You need to be prepared. This is serious business, the most successful bidders at an auction put themselves in a position to win. That’s

This is it! You’re ready to sign your contract. If you’ve been reading the Your Property Australia website you’ll know that you should have at least already spoken to your lawyer by now. Your lawyer will be able to review

One of the most common questions we have from new clients is ‘can you tell me how much this property is going to cost me?’ It’s a fair question, but often it is not until the day before settlement when

Just as in all professions, there are good real estate agents and bad ones. The thing to remember is that they do play a crucial role in helping you to purchase a property. Bad first impressions. I remember when I

It’s such a simple question. When you buy a property what do you actually own? What is included in the Contract of Sale? We take a look at the most common property purchases and what is included after settlement. Keep

Not to be confused with a lovely evening spent with your partner, a sunset date is a crucial piece of information when purchasing an Off The Plan property. Let’s take a look at some of the most commonly asked questions.

So you’ve inspected the property but there are a couple of little things that need some attention before you sign on the dotted line. Some properties just need a little bit of love and repair before settlement. There are of

Two of the common themes when clients complain about their past legal representation is a lack of communication and failure to understand each others expectations. LET’S TAKE A LOOK AT WHAT A GOOD CONVEYANCING LAWYER WILL DO FOR YOU: Understand

Depending on the period of construction and the date of your purchase, there can be anywhere from weeks to years to wait for the settlement of an ‘Off the Plan’ property. Last week we had a client call who had

How do you know how much time you need to allow for settlement? There are a number of variables that you will need to consider. We take a look at what needs to happen during the settlement period and offer