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Subdividing your land – process and considerations
Subdivision involves the partition of a parcel of land into smaller portions. Once land is subdivided, a ‘title’ is created for each new portion which can be separately sold and transferred. A subdivision may range from the partition of a single lot into two, to a...
Buying and selling a property at the same time
Buying or selling property is often considered one of life’s major stresses. When you buy and sell property at the same time and try to complete both transactions together, this can add considerably to the stress. This is generally known as a simultaneous settlement...
Buying a Residential Property with Existing Tenants
The Australian real estate market offers an array of opportunities for investment. A common type of real estate investment is residential property with existing tenants. This can be an appealing option for various reasons, including the benefit of receiving rental...
Traps to Avoid when buying a Property – pre contract inspections
Buying a home is the biggest investment or financial outlay that most of us will make in a lifetime. It is critical to your financial future that you make well-informed decisions when you purchase a property, whether it be for your own home or an investment. The...
Buying Property with Someone Else – Considerations for Property Co-owners
Buying a property with someone else is a great way to share the fun, stress, and cost of the venture. Often people buy a house with their significant other, to make a home or invest together. Others buy property with friends, relatives or business partners. Joining...
Buying Land to Build Your Dream Home – Top Tips
Building their own home is a dream for many people, but it can be a more intimidating prospect than simply buying an existing house. One of the first and most challenging steps is to find the right plot of land. Unfortunately, this task does not end when you find...
Dealing with restrictive covenants – Victoria
Do you have a covenant that runs with your land and are wondering if you can prevent it from affecting your development plans? There are ways in which you can apply to have a restrictive covenant removed or modified. This article discusses the implications of...
Buying a property at auction – things you need to know BEFORE the auction day
Buying a property can often be an intimidating process, especially at auction where you are competing with other buyers and there is no cooling off period. Many properties are sold at auction, particularly in a rising market, so it is important for buyers to...
The law of easements – why you should know what they are
Many people have heard of an easement, but what is it? In general terms, it is a right to use property belonging to someone else. Ordinarily, we think of property rights as sacred - why should anyone else be able to use my property? However, an easement is an...
Avoiding conveyancing traps – special conditions
Conveyancing is the process involving the transfer of legal title of real property from one person to another. The conveyancing process is designed to ensure that the buyer obtains good title to the property together with all the rights that run with the property and...