THIS QUERY OFTEN RAISES it’s head … whenever the proposed new tenant is felt to have insufficient financial resources. [Read more…]
PEXA – the Future of eConveyancing
14 November, 2018 by Leave a Comment
AS OF 1 OCTOBER 2018, Victoria has moved one step closer to a completely digital conveyancing process as all property settlements (with some exceptions) are required to be completed via PEXA (Property Exchange Australia). [Read more…]
Are You Aware of the Absentee Owner Surcharge?
10 October, 2018 by Leave a Comment
AS OF 1 JANUARY 2017, Victorian land owned by an “absentee owner” is subject to an additional 1.5% Absentee Owner Surcharge. The purpose of the surcharge is to require foreign buyers, who do not pay other taxes, to contribute to government services and infrastructure in Victoria.
Although this surcharge also applies to commercial property, it was originally introduced as an attempt to manage foreign purchasing of residential real estate in Victoria – to assist with housing affordability. [Read more…]
Why You Should Have Your Commercial Lease Prepared by Professionals
23 May, 2018 by Leave a Comment
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QUITE OFTEN THE QUESTION will arise, as to whether you need incur the cost of having a lawyer to prepare your commercial lease. And perhaps the answer is best found in this case study. [Read more…]
Pop-up Shops are Becoming Far More Common
3 January, 2018 by Leave a Comment
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THE RETAIL LANDSCAPE is altering and evolving – being partially driven by the changing expectations, wants and needs of today’s consumers. And the rise of the ‘pop-up’ shop is one example of this. [Read more…]
Underquoting Laws Change
9 May, 2017 by Leave a Comment
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UNDERQUOTING can take place whenever a real estate agent misleads a potential buyer about the likely selling price of a property – be it for commercial or residential real estate.
For example: When a property is promoted at a price that is lower than its estimated selling price, the seller’s asking price or at a price that the seller has already rejected. [Read more…]
WARNING: Your Land Tax Objections for 2017
16 February, 2017 by Leave a Comment
THIS IS A REMINDER to Review your Assessments and Object before the 60-Day Deadline expires very soon.
As you may well be aware, the State Revenue Office is currently issuing 2017 Land Tax assessments for Victorian landholdings owned as at midnight on 31 December 2016. [Read more…]
