Services

When Purchasing

• We will help you regarding pest and building inspections, and if you are buying a strata unit, then we also advise you to order a search of the strata records.
• We can assist with First Home Owner Grant applications and First Home Plus applications (stamp duty exemption).
• We will request Council provide copies of building plans and approvals, clearance land tax certificate.
• We will advise you on terms and conditions of your contract and advise you of stamp duty payable on your contract and transfer.
• We will advise you regarding insurance cover over your property
• We will arrange and attend settlement.

Conveyancing costs are comprised of two elements:

Professional Fee: This covers absolutely everything we do to manage your conveyancing, including:
• Reviewing the contract and negotiating with the vendor’s solicitor for any amendments to contract of sale
• Arranging building and pest inspections
• Examining the strata inspection report (if applicable)
• Looking after the formal exchange of the Contract of Sale
• Arranging the payment of stamp duties
• Ensuring that any outstanding arrears from the current owner are paid before you take possession (e.g. council and water or strata rates).
• Find out if any government authority has any current or future interest in the land.
• Find out any information that may not have been previously disclosed (such as illegal building work) or any easement, covenant affecting the land.
• Preparation for Notice of Sale.
• Calculating adjustments for council and water rates for the property settlement.
• Liaising with your financial institution to arrange settlement.
• Attending settlement with the vendors conveyancer or solicitor and your financial institution.
• Overseeing the change of title with the Department of Lands.

Disbursements: Disbursements are the out-of-pocket expenses incurred by us in completing your conveyancing. We pay for these on your behalf and include them on our final invoice. A few examples of disbursements include searches (council, water, land tax), building and pest inspection reports.

When Selling

• We will order all necessary documentation to be included in your Contract from Council and Lands Department.
• We will advise you generally of terms and conditions to be incorporated into your Contact.
• We will prepare the Contract.
• We will send a full copy of the contract to your real estate agent so they can commence marketing your property.
• We will organise a Discharge of Mortgage over the property with your Bank.
• We will obtain a confirmed pay-out figure on the day of settlement.
• We will arrange and attend settlement.
• We will bank the net proceeds of your sale into your nominated account.
• We will take care of all the details so you can concentrate on moving.

Conveyancing costs are comprised of two elements:

Professional Fee: This covers absolutely everything we do to manage your conveyancing, including:

  • Reviewing the contract and negotiating with the purchaser’s solicitor for any amendments to contract of sale.
  • Looking after the formal exchange of the Contract of Sale.
  • Ensuring that any outstanding arrears or overpaid to be refund before the purchaser take possession (e.g. council and water or strata rates).
  • Find out if any government authority has any current or future interest in the land.
  • Calculating adjustments for council and water rates for the property settlement.
  • Liaising with your outgoing financial institution to arrange settlement.
  • Attending settlement with the vendors conveyancer or solicitor and your financial institution.
  • Overseeing the change of title with the Department of Lands.

Disbursements: Disbursements are the out-of-pocket expenses incurred by us in completing your conveyancing. We pay for these on your behalf and include them on our final invoice. A few examples of disbursements include searches for preparing the contract for sale (title search, eCOS, plan image, dealings, change-by-law, easement, covenant, s149 (2) certificate).

Buying Off The Plan

Sometimes properties are advertised for sale before they have been built. You may be able to inspect a demonstration property or show suite to get a sense of the final product.

Buying such property is known as ‘buying off the plan’. This involves different risks and considerations compared with other property purchases. In some instances, the developer may be able to vary the design of the property without the buyer’s approval. Sometimes buyers may need to pay more if the cost of construction varies. Construction setbacks (eg. due to poor weather or further planning approval required) may also delay completion of the property.

When you buy off the plan, you are paying for a property where the end product may not only differ from your expectations, but be worth less than you have paid by the time it is finished.

If you are thinking of entering into a contract to buy premises not yet built, exercise caution and contact us to obtain appropriate legal and other advice before signing any documents or paying any money.

Foreign Investment Review Board

What is the Foreign Investment Review Board (FIRB)?

The FIRB is an Australian government advisory board that reviews the purchase of residential or commercial real estate by someone who is not an Australian citizen, a permanent resident of Australia or an approved migrant.

The government body reviews foreign investment to ensure that the investment will benefit the Australian economy and to control stock within the property market. Foreign investors are often limited to investing in new properties. This helps prevent speculation, which can inflate local property values.

How to get FIRB approval when purchasing property in Australia?

If you are a temporary resident or a foreign investor purchasing property on Australian soil, you may need to seek approval from the Foreign Investment Review Board (FIRB). We can help you to find out if you need to apply and how much it may cost you.