Categories for First Home Buyer

e-Settlement may roll over-What is the latest time slot for e-settlement

17/8/2020
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‘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...

Home Building Grant Schemes

5/8/2020
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General Update The contract date and commencement time frames are for the construction part of the schemes. The purchaser must have entered into the off-the-plan sales contract between 4 June 2020 and 31 December 2020. Commonwealth Building must commence after 4 June 2020 and within 3 months after the building contract date (extensions of 3 months will be considered where the reasons for the delay are outside the control of the parties to the contract). State

Moving or relocating across WA regions -travel exemption COVID-19

1/4/2020
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Due to the COVID-19 state regional restrictions as of midnight 31/3/2020 (https://www.mediastatements.wa.gov.au/Pages/McGowan/2020/03/WA-travel-restrictions-come-into-place-from-midnight-Tuesday.aspx) if you are moving across regions (within WA) to travel to your new home… Clients Who Are Relocating Across Regions or the BOUNDARY CHECK https://www.mainroads.wa.gov.au/AboutMainRoads/News/Pages/COVID-19.aspx & https://www.wa.gov.au/organisation/department-of-the-premier-and-cabinet/covid-19-coronavirus-regional-travel-restrictions UPDATE: 1 May 2020  visit the above WA.Gov.Au link to get your ‘G2GPass’ and app on the above link.

Foreign Buyers Duty Form required by all Buyers

18/1/2019
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On 1 January 2019, foreign transfer duty and foreign landholder duty came into effect by amending the Duties Act 2008. The additional 7% duty applies to acquisitions of residential property where the buyer or transferee are foreign persons, including foreign companies and trusts.What does this mean to you? Every buyer or transferee that acquires or purchases land in Western Australia is now required to complete and lodge a Foreign Transfer Duty Declaration Form within two months of executing the dutiable transaction.If you represent a...

Finance Formally Approved, or Contract now unconditional – what is next?

27/12/2018
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We usually send our clients ALL the required ‘wet-ink’ paperwork with our initial postal package. Sometimes we need to allow for the other party to complete certain forms first, so thanks for your patience and understanding if you receive more than one form requiring ‘wet-ink’ execution. Buyers;That Loan Amount on the Unconditional/Formal approval is usually NOT the exact amount your lender will make Available as Funds (aka funds your lender will bring) for Settlement.The Lender will usually take their fees...