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Why Owners’ Corporation levy payments are important
The collection of levies and the proper maintenance of sinking and administration funds is an essential part of strata scheme living. All apartment owners in strata schemes are required to pay levies and most apartment owners understand the need for these levies to ensure property maintenance costs can be met on an ongoing basis by […]
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Retirement Living Life beyond bingo and bowls!
Not surprisingly people talk about buying their first home as being a life changing event and it is. However, in the past it has been rare for people to talk so excitedly about moving into some form of retirement living. Given that sooner or later most of us are likely to have to deal with […]
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What you need to know about Domestic Building Dispute Resolution Victoria
The Building Legislation Amendment (Consumer Protection) Act 2016 (Vic) introduced significant changes to the building industry, intended to enhance consumer protection through stricter regulation and enforcement provisions. The first stages of reforms were actioned in July and September 2016. This article explains the final phase of the reforms which commenced in July 2017 and which […]
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Take care when buying a property off the Plan
The term “buying off the plan” usually refers to purchasing a property that is not yet registered as a separate lot with the government department responsible for land title registrations, or not yet built. Buying off the plan can refer to the purchase of a block of vacant land that is part of a subdivision, […]
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Buying a property at auction – Things you need to know BEFORE the auction day
Buying a property can often be an intimidating process, especially at auction where you are competing with other buyers and there is no cooling off period. Many properties are sold at auction, particularly in a rising market, so it is important for buyers to understand the processes involved so they can bid confidently on the […]
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Traps to Avoid when buying a Property – pre contract inspections
Buying a home is the biggest investment or financial outlay that most of us will make in a lifetime. It is critical to your financial future that you make well-informed decisions when you purchase a property, whether it be for your own home or an investment. The Contract for Sale of Land basically follows the […]
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Verification of Identity in property transactions
Verification of Identity (VOI) is a process used to confirm the identity of a person. The VOI process is essential in land and property dealings as it helps to reduce identity theft and land title fraud. Verification of Identity practices include confirming a person’s capacity to act as agent for a company or as an […]
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Personal Property Securities Register
It is crucial that people who have a security interest in personal property take it seriously or they may risk losing their security interests. Many businesses are struggling to understand the implications of the Personal Property Securities Register (PPSR). In this article we have provided a simple summary and a timely warning about […]
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E-conveyancing the way of the future
For the past 150 years when completing a property settlement it has been necessary for lawyers and banks to meet up to check and swap documents and bank cheques. The party that ended up with the documents then had to lodge them at the Land Registry and notify government authorities about the transaction. Many of […]
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Avoiding conveyancing traps
Conveyancing is the process involving the transfer of legal title of real property from one person to another. The conveyancing process is designed to ensure that the buyer obtains good and marketable title to the property together with all the rights that run with the property and is notified of any restrictions or rights in advance of their purchase. For […]
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