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Foreign Resident Capital Gains Tax Withholding Scheme – changes to the conveyancing process from 1 July 2017?

Last month, the Commonwealth Government introduced significant changes to the current scheme, so that from 1 July 2017 the scheme will apply to the sale of all real estate over the lower market threshold of $750,000. Further purchasers will be required to withhold an increased amount of 12.5% of the purchase price and remit that to the ATO unless the seller provides a clearance certificate.

Big changes to stamp duty and grants in Victoria

First home buyers will pay no stamp duty on properties valued below $600,000 that they intend to use as their principal place of residence. As an example, first time buyers could save as much as $15,535 in stamp duty on a property valued up to $600,000.

When the empty nesters provide a nest egg

When you get to an age where you don’t want roommates anymore, hang a picture anywhere you please and have your money go towards your own investment – not someone else’s – you start thinking about buying your own home.

Before you buy

ripehouse.com.au/thefrontierinvestor/post/Before+you+buy

Proposed reforms to underquoting laws in Victoria

A recent survey of REIV members found more than 70 per cent of agents indicated underquoting laws require change. Consumer Affairs Minister, Jane Garrett, has proposed significant reforms to the Estate Agents Act 1980 (‘EAA’) to address this sentiment and tackle rogue operators within the industry.

Educational Blog Series: Tips for a stress-free conveyancing process

To conclude our three part educational blog series on conveyancing, lawlab legal director Richie Muir explains tips for a stress free conveyancing experience. Regardless of whether you’ve sold the family home, found a new dream apartment or just negotiated a great price on a new interstate investment property – there is a...

Educational Blog Series: Four questions you should ask your conveyancing lawyer

Welcome to part two of our three part educational blog series by lawlab Legal Director Richie Muir who explained last week the fundamentals of conveyancing. This week Richie looks at five questions you should ask your conveyancing lawyer, and will next week offer tips for a stress free conveyancing process. ...

A new VOI regime started in Victoria

A new VOI regime started in Victoria on 9 November 2015. This regime aligns all conveyancing transactions in Victoria with the VOI requirements for e-settlements. This means that all lawyers, conveyancers and financial institutions must take reasonable steps to verify the identity of their clients and customers. Reasonable steps includes a face to ...

A Guide for Selling a Residential Property in Victoria

When you’ve made the decision to sell you want the process to be as easy as possible. You want to avoid lengthy delays, unexpected costs and uncertainty. Seek advice from us at lawlab before you sign any contract. In Victoria, a contract must be accompanied by a vendor statement, wh...

A Guide for Selling a Residential Property in New South Wales

When you’ve made the decision to sell you want the process to be as easy as possible. You want to avoid lengthy delays, unexpected costs and uncertainty. Seek advice from us at lawlab before you sign any contract. A sale contract must be prepared before you can advertise your re...

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5 Essential Characteristics of Good Conveyancers

If you are engaged in a transaction that involves real property in Australia, it pays to have a good conveyancer on hand. The right person will help to make the process as smooth, streamlined and headache-free as possible. The wrong person however can make an already complicated process even worse.

Why conveyancing firms need a digital strategy

Buying or selling a property is never an easy task; after all it involves numerous activities and legal tasks that not every individual is aware of. A potential seller will always desire to get great deal for his house while the potential buyer would be looking out for nothing but a lucrative property deal to invest into and both of these parties are in dire need of a specialist that commands an expertise on handling such deals.

Guide to Online Marketing for Conveyancing Firms in 2015

In the age of technological advancement in web media conveyancing firms are somewhat lagging behind when it comes to adopting digital marketing for the promotion their services. Herein are some approaches that conveyancers should look to in order to widen the scope of prospective clients.