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PROPERTY TRANSACTION CHANGES FROM 1 JULY 2018

PROPERTY TRANSACTION CHANGES FROM 1 JULY 2018 Wed, 4 Jul 18
We have previously written about the numerous changes to the Additional Foreign Acquirers Duty for property purchases in Australia by foreigners, and several of the major changes stemming from the 2017 budget have come into effect on 1 July 2018. As a result of the mid-year fiscal economic review, it is expected that the foreign acquirer duty rate is going to increase from the current 3% to 7%. Transitional arrangements for contracts entered into before 1 July 2018 but settling after that date have not yet been confirmed, and accordingly, foreign persons intending on purchasing property in Queensland should consider the timing of their transactions in light of the recent changes.

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WHAT HAPPENS TO MY PET AFTER I DIE?

WHAT HAPPENS TO MY PET AFTER I DIE? Thu, 7 Jun 18
Although it is not something we want to contemplate, the truth is it is better to be prepared for our passing than to bury our heads in the sand and hope it all works out when the time comes. Apart from making your families life easier during a difficult time, having a comprehensive and well thought out Will can also protect your furry friends in the event of your passing.

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WHY SPECIAL CONDITIONS ARE SO IMPORTANT IN YOUR CONVEYANCING CONTRACT

WHY SPECIAL CONDITIONS ARE SO IMPORTANT IN YOUR CONVEYANCING CONTRACT Thu, 7 Jun 18
Buying or selling a property is one of the biggest financial transactions you will undertake in your lifetime, and it is important to ensure that the contract is drafted correctly, takes into consideration your individual circumstances and accurately reflects the agreement reached between the parties.

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HAPPY EASTER!

HAPPY EASTER! Thu, 29 Mar 18
It’s that time of year again! Although it feels like we just had Christmas and welcomed in the New Year – Easter is upon us. We wanted to take this opportunity to wish you all a very happy Easter and to remind you to take some time to relax, spend time with loved ones and of course, eat lots of delicious chocolate!

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TIPS WHEN PURCHASING PROPERTY AT AUCTION

TIPS WHEN PURCHASING PROPERTY AT AUCTION Thu, 29 Mar 18
Buying a property at auction can be an exciting, nerve-wracking time and sometimes emotions can get the better of us so it is vitally important that you understand the process, and your rights and obligations before bidding on a property to ensure you don’t end up in a sticky situation that could end up costing you thousands of dollars. This is where the experienced Gold Coast Lawyers at Affinity Lawyers can help ensure your transaction is smooth, hassle-free and cost effective.

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WHAT CAN GO WRONG WHEN SELLING YOUR PROPERTY?

WHAT CAN GO WRONG WHEN SELLING YOUR PROPERTY? Thu, 1 Mar 18
Often, people assume that the transaction process for selling real property is simple, and many are hesitant to engage a professional lawyer to undertake the work on their behalf, believing that they can do it themselves to save money. We see many files after the seller has attempted to finalise the transaction on their own, and we would strongly caution you against attempting to sell a property on your own due to the risks and ramifications which can occur as a result.

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