Home prices in Australia have reached an all-time high, making it increasingly difficult for first-time buyers to get a foothold in the property market. By March 2024, the average price of a home in Victoria was $928,500, meaning that a buyer would need to have a hefty cash amount of...
Category: Conveyancing & Property Law
Should you guarantee your child’s home loan?
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Contract of sale and loan approval
Read MoreWhat is loan approval? It is a common scenario when purchasing a property, a purchaser will make the contract of sale subject to them obtaining loan approval to complete the purchase, also known as ‘subject to finance’. General condition 20 (previously general condition 14) sets out a purchaser’s obligations regarding...
Pre-contractual advice and special conditions
Read MoreShould I get pre-contractual advice? The short answer is ‘yes, absolutely‘. Whether you are buying at auction or by private agreement, pre-contractual advice is strongly recommended. Why? Other than peace of mind, there are many reasons to seek pre-contractual advice. These include: to assess the accuracy of the information contained...
Solicitor’s Certificate – Witnessing loan or guarantee documents
Read MoreWe regularly receive enquiries about witnessing loan documents or guarantor documents. Often the person making the enquiry is not exactly sure what this involves and has simply been informed by their bank or broker that they need a ‘solicitor’s certificate’ but other than that they aren’t provided with a reason...
How does COVID-19 affect buying and selling properties?
Read MoreRecently, we have had many clients contact us to ask what effect COVD-19 may have on their purchase or sale. The starting point is your contract of sale. Not all contracts are the same and some can be quite detailed, so it is always best to get legal advice to...
Why choose a law firm rather than a conveyancer?
Read MoreThere are many reasons why it is safer to use a law practice for your property transaction rather than a conveyancer. Each property dealing is unique and has its own issues – lawyers have the legal training and experience to handle any problems which may arise Property transactions can sometimes...
Buying or selling a business?
Read MoreEven for the commercially savvy, buying and selling a business can be a risky affair. Proceeding cautiously is the way to go – and seeking professional legal advice means that you can protect yourself from any risks. Our lawyers have the experience and skills to guide you through the process...
