Author Archives for Damien McDonnell
Buying a Property What is the BIGGEST mistake you’ll ever make?
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...
Rented Residential Property clause for sale during COVID- Response Act
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:
e-Settlement may roll over-What is the latest time slot for e-settlement
‘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...
Subdivider concession application REMINDER RevenueWA wishes to remind all landowners that applications for the subdivider concession close 31 August 2020. Early lodgment of the application form will ensure we can consider the concession when issuing assessments. Important The subdivider concession is a one-year concession from land tax. For the 2020–21 tax year, the concession applies to qualifying residential lots that were subdivided between 1 July 2019 and 30 June 2020. Owners of these lots can pay land tax (and metropolitan...