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Property


When off the plan doesn’t go to plan: Part 1 of 2

24 May 2017

Plan of Subdivision: Know your boundaries

A Purchaser client contacted me recently after being notified that his property lot had been amended, resulting in a decrease in size. My client was surprised and but more so disappointed to learn of this change; he was not aware that a plan of subdivision (Plan) can be amended after the Contract of Sale has been signed.

 

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Did you know Melbourne has 17 new suburbs?

10 May 2017

In a bid to boost housing affordability for Victorians, the state Government has planned seventeen (17) new suburbs across Melbourne’s key growth zones. These new suburbs will provide 100,000 lots over the next  two (2) years.

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Property investor? Important news about stamp duty concessions between spouses

05 May 2017

Act before June 30 to review or restructure your investments.

The State of Victoria recently announced a suite of housing law reforms in the May 2017-2018 budget.

From 1st July 2017, there will no longer be a stamp duty exemption for the transfer of properties between spouses for investment properties

 

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“Y” is it so hard to buy a house?

01 May 2017

New Reforms to help GenY into property market.

There is a sentiment among GenYs that their predecessors had such a great time at Woodstock and riding the property boom, they failed to properly consider the financial impact it would cause their future offspring, resulting in the current market lock-out.

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Hey Government! Help buy me a house?

27 April 2017

Housing Affordability Reforms offering a unique Co-Purchase deal.

Housing affordability has been a hot topic across Victoria for many years and now the state Government is offering a unique co-purchasing arrangement under a pilot program called HomesVic.

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Seven Law Reforms Property Investors and First-Home Buyers Need to Know

19 April 2017

The State of Victoria recently announced a suite of housing affordability reforms aimed to help more people enter the property market. Some of these reforms can assist GenYs into the market, and others are welcome news to Australians living in residential areas.  At DE we enjoy keeping you informed of new reforms so you are aware of all help that is on offer. Ensure you know about:

 

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What’s at Stake? 5 Common Pitfalls to Avoid When Investing in Commercial Property

14 December 2016

Commercial property has become an increasingly popular investment option in recent years, especially for self-managed super fund (SMSF) investors. While many of us feel comfortable investing in residential properties (as we are familiar with the purchase process) when it comes to investing in commercial properties the process can be more daunting and complex. Are you considering investing in commercial property, but aren’t sure what’s at stake? Check out 5 common pitfalls to avoid from the experts at Dangerfield Exley Lawyers.

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Is It Time to Get Yourself into A Fix?

01 December 2016

Is now the right time to switch to a fixed-rate mortgage? Moving to a fixed-rate mortgage is something worth considering, especially as long-term bond rates (i.e. debt markets) continue to rise. Banks are increasing their fixed rates, while easing the discounts given on variable rate loans. Most economists are suggesting that rates have bottomed out. Has the time come for you to get yourself into a fix?

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“Cooling off” provisions: Don’t be caught off guard!

05 October 2016

“Cooling off” rights carry serious practical, financial, and contractual implications for Vendors and Purchasers of Victorian real estate. As a Purchaser, losses may occur if the purchase is not handled properly. As a Vendor, you should also arm Purchasers with information about exceptions to Purchaser rights. Don’t be a statistic!

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Financial Considerations for Property Buyers

29 September 2016

Spring is here and what better time than now to consider an entry into property ownership. However, before you jump the gun, we recommend you cover a few basics to consider all financial, legal, and practical issues to ensure not only peace of mind but also certainty in your decision. After all, preparation is key.

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