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Special Conditions and certainty – not so straight forward

Special Conditions and certainty – not so straight forward

I often see people assuming that conveyancing contracts are all standard and everything will work out fine. It is only when things go wrong and everyone is running for the…

Foreign buyers look out – From 1 October 2016 you will pay a big increase to Transfer Duty

Foreign buyers look out – From 1 October 2016 you will pay a big increase to Transfer Duty

The Queensland Treasurer has announced that from 1 October 2016, foreign buyers will pay substantial additional transfer duty for purchases of residential real estate in Queensland. The increase is 3%…

HELP – I’m buying property, what do I need to look for in my Contract?

HELP – I’m buying property, what do I need to look for in my Contract?

Buying property or selling property is a big commitment, and getting a Contract from an agent can be daunting. However, worries usually stem from not knowing what to look out…

First Home Buyers in Australia – Increase to the First Home Owner’s Grant

First Home Buyers in Australia – Increase to the First Home Owner’s Grant

The new ‘Queensland First Home Owner’s Grant’ has increased from $15,000.00 to $20,000.00 for a limited time. This is great news for all First Home Buyers looking to purchase property…

Contracts subject to Finance – what do I need to do?

Contracts subject to Finance – what do I need to do?

A finance condition is the most common condition in contracts for the sale and purchase of land, whether residential or commercial. However, the finance condition is also the condition that…

Settlements – taking the hassle out of the big day

Settlements – taking the hassle out of the big day

Buying a property, whether as your home or as an investment, is exciting times. However as settlement gets closer, clients often start wondering – what do they need to do?…

Due Diligence – making sure that you are happy!

Due Diligence – making sure that you are happy!

A due diligence clause is a not-so-common clause that buyer’s sometimes request to be put in a contract. They come in many and varied forms. However, they are not well…

Building and Pest Conditions – what do I need to look out for?

Building and Pest Conditions – what do I need to look out for?

A building and pest special condition is a very common condition in contracts for a house, unit or commercial property. Particularly if the property or unit is not brand new.…

SMSF Alert – Related party transactions and payroll tax grouping

SMSF Alert – Related party transactions and payroll tax grouping

Key points of this article A recent Queensland Supreme Court decision means that self-managed superannuation funds (“SMSFs”) with related party dealings can potentially be grouped for payroll tax purposes. This has…

Contracts by email – when do pre-contract negotiations become a binding deal?

Contracts by email – when do pre-contract negotiations become a binding deal?

I am often asked about property contracts which are entered into by email. Are they valid? Must they be followed with a “real” paper contract? Are my emails going to…

Unfair Dismissal is no child’s play

Unfair Dismissal is no child’s play

At Kirralee Kindergarten, a teacher was dismissed after children escaped from the kindergarten. The teacher made an unfair dismissal application and the Fair Work Commission found that the dismissal was…

Buying property with a Self-managed superannuation fund (SMSF) – what is a limited recourse borrowing arrangement?

Buying property with a Self-managed superannuation fund (SMSF) – what is a limited recourse borrowing arrangement?

Borrowing money to buy property through an SMSF is not new, but is often not well understood. Where an SMSF borrows to buy property, it must be done through what…

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