Recently the DE team received the below query about additional duties for foreign property purchasers.

With so many supposed ‘experts’ out there, it’s hard to know who to trust. When it comes to real estate agents, it’s especially difficult to know which ones have your best interests at heart.

As of 1 July 2017, all purchasers of real estate entering into a Contract of Sale with a market value of $750,000 or more must withhold 12.5% of the purchase price, unless they are provided with a Clearance Certificate by the vendor.

Carrie has been saving for her deposit for several years, determined this is the year she will purchase a property in Melbourne.

A Purchaser client contacted me recently after being notified that his property lot had been amended, resulting in a decrease in size.

In a bid to boost housing affordability for Victorians, the State Government has planned 17 new suburbs across Melbourne’s key growth zones.

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.

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.

“Cooling off” rights carry serious practical, financial, and contractual implications for Vendors and Purchasers of Victorian real estate.

Let’s get one thing clear, in the game of life, property ownership has most likely been a tangible consideration.

As of 1 July 2016, all Purchasers of real estate entering into Contracts of Sale with a market value of $2 million or more must withhold 10% of the purchase price, unless they are provided with a Clearance Certificate (see below) by the Vendor.

A commercial lease agreement is a legally binding agreement that is enforceable by law.

If you have been occupying land of which you are not the registered proprietor for at least 15 years (or in the case of an easement, 30 years), you may wish to engage us to prepare and file an Adverse Possession application on your behalf with Land Victoria seeking legal ownership over that land,