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ANOTHER YEAR, ANOTHER OPPORTUNITY TO GET ORGANISED

ANOTHER YEAR, ANOTHER OPPORTUNITY TO GET ORGANISED Fri, 12 Jan 18
The start of a new year is the perfect time to sit down and take stock of your present circumstances. Are you happy with your job, relationship and current living arrangements? Do you have a dream of undertaking further study, starting a new sport or hobby or simply taking more time out to relax? More importantly, if you have a Will, then it is a great time to consider whether your Will accurately reflects your wishes, and whether your circumstances have changed significantly since it was created, which may mean it is invalid.

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LOOKING AT BUYING A QUEENSLAND PROPERTY IN THE NEW YEAR?

LOOKING AT BUYING A QUEENSLAND PROPERTY IN THE NEW YEAR? Fri, 12 Jan 18
The start of a new year seems to be a popular time for people to decide they want a fresh start, sometimes with finding the house of their dreams. With the current market, there are hordes of interstate buyers, particularly from Sydney, who are ready to buy Queensland properties with cash. It is important to note that the way a property is purchased in Queensland differs from the process in our southern states. Generally, the standard contract of sale used includes a 5-business day cooling off period, which is in place to protect the buyer. It affords the buyer a greater sense of protection to sign a contract before going to a solicitor, however it is important to remember that if the buyer does decide to pull out of the contract under the cooling off provision, a termination fee of 0.25% of the purchase price can apply.

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AFFINITY LAWYERS HAS HELPED TO MAKE HISTORY BY PARTICIPATING IN THE FIRST EVER SETTLEMENT OF A TRUSTEE TRANSFER THROUGH PEXA

AFFINITY LAWYERS HAS HELPED TO MAKE HISTORY BY PARTICIPATING IN THE FIRST EVER SETTLEMENT OF A TRUSTEE TRANSFER THROUGH PEXA Wed, 6 Dec 17
Read the article here: https://community.pexa.com.au/t5/Share-your-Experiences/Making-History-in-QLD-Affinity-Lawyers-amp-Astill-Legal-Group/td-p/6585 Conveyancing transactions are moving forward into the digital age and the introduction of PEXA means that e-conveyancing transactions will allow the entire process to become more streamlined, efficient, reduce errors, and allow for an immediate reconciliation of funds.

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IF YOU ARE SELLING A HOUSE - HOW MUCH ABOUT THE HOUSE'S HISTORY DO YOU NEED TO TELL THE BUYER?

IF YOU ARE SELLING A HOUSE - HOW MUCH ABOUT THE HOUSE'S HISTORY DO YOU NEED TO TELL THE BUYER? Thu, 9 Nov 17
A question that pops up every so often is what are the obligations of the seller when selling a house which has a somewhat murky or mysterious past? It goes without saying that properties hold many stories within their walls, hence the colloquial “if the walls could speak’, however as a buyer in Queensland there are no specific requirements in relation to the seller or selling agents disclosure about ‘psychologically stigmatised property’ and it is generally caveator emptor or “buyer beware”. ‘Psychologically stigmatised property’ results when non-physical defects to the property (i.e. no defect on the title of the property, or to any physical aspect of the property) cause psychological/emotional, religious, moral or other discomfort to a buyer.

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AFAD – ADDITIONAL FOREIGN AQUIRERS DUTY – WHAT THIS MEANS FOR NEW ZEALANDERS PURCHASING PROPERTY IN AUSTRALIA

AFAD – ADDITIONAL FOREIGN AQUIRERS DUTY – WHAT THIS MEANS FOR NEW ZEALANDERS PURCHASING PROPERTY IN AUSTRALIA Fri, 8 Sep 17
Since the 1st October 2016 residential conveyancing transactions for which the liability for transfer duty (stamp duty) has arisen, and where the subject property is classed as ‘Additional foreign acquirer duty’ (‘AFAD’) residential land’, then if the purchaser falls within the meaning prescribed in the Duties Act 2001 as a ‘foreign acquirer’, then it is important to be aware that AFAD may also be applicable.

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WHY YOU NEED AN EXPERIENCED LAW FIRM TO DO YOUR CONVEYANCING

WHY YOU NEED AN EXPERIENCED LAW FIRM TO DO YOUR CONVEYANCING Fri, 8 Sep 17
Following on from a recent article we published regarding cheap ‘will kits’, we often find that clients are also compromising one of the largest purchases they will make in their lifetime, being the purchase of their first home or real estate, all for the sake of saving a small amount of money. We find that many people try to ‘do it themselves’ to save money and before long they are floundering and need urgent assistance from a law firm, where unfortunately, they have already compromised their position by acting for themselves and have unwittingly breached the contract. Breaches of contract can result in significant financial loss and is not a matter to be taken lightly.

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