Land and water register and instructions A foreign person (including a temporary resident or a foreign non-resident) who has invested in the following must register their acquisition on the Land and water register: Australian residential real estate – your acquisition must be recorded within 30 days of settlement (your right to occupy) Australian agricultural land – your initial acquisition must be recorded with us within 30 days of the date of purchase and any further events must also be recorded...
During the uncertainty of COVID lockdown, REIWA has a COVID annexure to cover the most limited initial COVID Events. This may be added as an “Annexure” to contract before it is accepted, but after acceptance, it would need to be signed by all parties of the contract as a “Variation” ie Seller & Buyer of Property Address, Contract Dated DD/MM/YYYY agree to vary the contract by incorporating the labeled COVID Annexure Z; Signed & Dated: Seller X Buyer Y. Feel...
If you’re thinking of buying there’s a pretty good chance you know what you want, where you want it, and how much you are prepared to pay. When it comes to buying there’s no shortage of advice online as well as from parents, friends, armchair experts, not to mention those get rich spruikers. The biggest mistake you are likely to make isn’t doing enough research, investing wisely, or getting the best price, the biggest mistake most buyers make is not...
There is growing support in the property/conveyancing industry for wording on a clause for sale contracts to protect new owners and those wishing to become Landlords without beaching the extended rental moratorium on agreements.The AICWA has contacted DMIRS and has subsequently confirmed the following clauses are acceptable:
‘Looks like Settlement may roll’. What is the latest time slot my e-settlement can happen? This can happen if ALL participants have not completed all their tasks and signed off to make ready by the booked start time, it automatically gets post-poned every 30 minutes (½ hour) till about 14.00hrs (WST) during Daylight saving -also on Eastern state public-holidays or 15.00hrs (WST) which is 17.00hrs E(D)ST as that is when most of the staff at the Reserve Bank of Australia...
