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Buyer beware - the risks of illegal building works

Illegal building is a common risk for property buyers, but most aren’t aware that their new home may just come with a disastrous DIY job. It is reported that as many as 30% of buildings in Australia have some form of illegal building, and as a buyer, it’s important to arm yourself with the knowledge of the risks that illegal building works pose.

Avoid the traps when buying interstate

It is becoming increasingly popular for investors to buy property interstate to take advantage of opportunities that may not be available in their own state.

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.

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 …