When you purchase a property, you can buy it in your personal name, a company name or even a trust. The trust must be set up before hand and have a trustee to manage the trust (which could be yourself or a company you own). Now, why should you undertake a complex procedure like this to…
“Off the plan” properties are those on which titles have not yet been obtained. It could be that constructions has not yet begun, or that the development needs final certifications or to go the the Council sealing process or title registration. In other words, it is a “plan” on a property offered to potential buyers…
On Monday 1 December 2014, the Property Agents and Motor Dealers Act 2000 (PAMDA) was repealed and the following four new pieces of Queensland legislation came into force: Property Occupations Act 2014 Motor Dealers and Chattel Auctioneers Act 2014 Debt Collectors (Field Agents and Collection Agents) Act 2014 Agents Financial Administration Act 2014 PAMDA continues…
When you decide to purchase a property you will become familiar with the terms fixtures and chattels. It’s important you have a good understanding of what these terms mean before you sign a contract of sale for the property, as you want to be sure you know what you will be receiving come settlement. The…
The old saying of ‘buyer beware’ still rings true when purchasing a house in Queensland. This is especially important when it comes to unapproved alterations or extensions to a property. When you’re considering buying a house it is important to be aware of where the risks and responsibilities of the purchase process lie at any…
The 2011 flood devastated many of Brisbane’s lower lying suburbs and had serious repercussions for the city’s property market. Many buyers did not want to dip their toe (pardon the pun) into the market and purchase a property anywhere near the river. While the flooding of 2011 did affect the property market, it has definitely…