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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.
Verification of identity (VOI) commenced in Victoria on 24 September 2014 under the Transfer of Land Amendment Act 2014 (Vic) (the Act).
During legal proceedings, it is not uncommon for parties to seek access to documents or to obtain further evidence that is in possession of the other side or a third party.
Have you provided credit or loaned money, but been unable, or have not yet registered a mortgage over your borrower’s property as security?
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.
A guarantee is a binding promise by a third party (‘guarantor’) to pay some debt or perform some act or duty owed by the debtor.
If a creditor believes you owe money and you have not paid, chances are the creditor will want to recover the money and in doing so, may serve you with a letter of demand or Magistrates’ Court Complaint. The biggest mistake you can make is to ignore it.
The State of Victoria recently announced a suite of housing law reforms in the May 2017-2018 budget.
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.