A1 Conveyancing based in Joondalup & Osborne Park Perth Western Australia
Call Us At: 08 9300 9750

Trade Secrets

When writing Settlement Date as due x days from condition- please add one considerate word ‘notice’.

1/3/2015
Written by

Just a tip for the Real Estate Offer and Acceptance Authors: When the settlement date mentions “x days from Finance Approval” please add one word “notice” so that the countdown to the settlement date can then begin once the seller or their agent actually receives the notice.  As some Brokers/Lenders/Buyers often forget or are simply unaware they should immediately forward the approval notice to the Seller’s side so they can also prepare for the settlement date.  Without ‘notice’ mentioned in settlement date x days from… would...

IMPLEMENTING FOREIGN INVESTMENT REFORMS

14/7/2014
Written by

In an Treasury Exposure Draft changes to FIRB were outlined on 6 July 2015 | Exposure Draft On 2 May 2015, the Government announced a package of reforms to strengthen the foreign investment framework, including: *stronger enforcement of the foreign investment rules by transferring all of the residential real estate functions to the Australian Taxation Office; *stricter penalties that will make it easier to pursue court action and ensure that foreign investors are not able to profit from breaking the rules; *application...

New First Home Buyer Rate of Duty -threshold changed

18/6/2014
Written by

Updated 3/7/2014: The new levels of First Home Buyer Duty levels are nil for under $430k and revert to normal at $530k effective from 3 July 2014.  Royal assent was granted on 2 July 2014, so now applies to all First Home Buyer contracts dated 3 July or later. http://goo.gl/C93FBTContact A1 Conveyancing to discuss your title transaction needs. fees_after_2_july_2014_100k_-_3.4m_email.pdf Download File

Private sale or purchase and need an O&A form..?

13/6/2014
Written by

This “Contract for Sale of Land or Strata Title by Offer and Acceptance” form is owned by the Real Estate Institute of Western Australia (REIWA).  REIWA used to supply the form to major newsagents like Newspower. Some might still have stock but if experiencing difficulty try the REIWA Stationery Shop (based in Subiaco) directly.  The number is +61 8 9380 8222 or email your order with Credit card details and return postal address on “stationery” at “reiwa.com.au”  Bear in mind that you...

Landgate (WA Land Title OFfice) force PEXA use; Electronic lodgement of stand-alone Mortgages and Discharges of Mortgages will be effective 1 August 2016

21/4/2014
Written by

On 4 April 2016 a letter was distributed to industry bodies and Customer Information Bulletin (CIB) recipients. This letter notified Landgate’s intention to introduce changes to the lodgement process for mortgages and discharges of mortgages that will affect mortgagees, their conveyancers, lawyers and lodging agents by 1 August 2016.Industry bodies and CIB subscribers were invited to provide feedback on the changes. The timeframe for receiving feedback has now ended. This CIB is to notify that Landgate will be progressing activities...

Author, Damien McDonnell

BLOGGER

Damien McDonnell betrothed to my first true love & father to 5 fantastic little persons and one food obsessed beagle.

Categories

Archives