Blog

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
Read More

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
Read More

Section 32 of the Sale of Land Act 1962 (Vic), vendors must disclose any Statement of matters affecting land being sold. But what are material facts, and what happens when a vendor fails to disclose them? This article answers some frequently asked questions about disclosure requirements in real estate. What was the Recent Reform to
Read More

A buyer or seller can cancel a real estate contract, even after it has been exchanged and signed, in rare circumstances. However, there are rules and obligations to follow when terminating a signed property sale contract. Here’s what you need to know. When Can a Buyer Cancel a Signed Property Sale Contract? A property buyer
Read More

The contract of sale is a legal requirement prepared by a qualified lawyer or licensed conveyancer. This legal document formalises the sale of real estate in Australia. Its legalities, however, vary between states and territories. Can a real estate agent draft your contract of sale instead? How long does this usually take? Keep reading the
Read More