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What Are the Key Considerations When Buying a Heritage Property in Victoria?

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Heritage homes possess unique character and impressive architecture that differ significantly from modern buildings. However, there are important considerations when purchasing a heritage house in Victoria. For instance, buyers must understand the property’s heritage classification, legal obligations, maintenance, and financial needs. If you plan to buy and own a heritage home, this article can help

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Can You Bid at an Auction Without Pre-Approval?

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A property buyer can bid at an auction without pre-approval, but there are risks. Without a pre-approved home loan, you may win the auction without sufficient funding should the lender decline your application. Auctions are generally unconditional, meaning you cannot withdraw your offer and you have to settle. That means, there are no subject to

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Can I Make an Offer for a Property Without Section 32?

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Section 32 contains pertinent information a property buyer needs to make an informed decision before making a formal offer or signing a contract. You can express interest in purchasing the property without this important document. However, it is always best to wait for Section 32 and review it thoroughly before proceeding. What is in Section

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Can Foreigners Buy Properties in Victoria?

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Foreigners can buy properties in Australia, including Victoria, provided they follow the Foreign Investment Review Board (FIRB) regulations. They should check the updated FIRB guidelines to ensure their purchase complies with the state’s property ownership laws. These have changed quite significantly over time including the fees payable. To learn more, we highlight the essentials you

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What Happens to a Jointly Owned Property If One Owner Dies in Australia?

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Joint tenancy is a type of ownership where two or more people have equal rights to the entire property. If one owner of a jointly owned property passes away, their share is automatically transferred to the surviving tenant or tenants. An example of joint tenancy is when a married couple owns a house together. If

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