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GST at property settlement: A detailed guide to the new ATO withholding provisions

In this article we outline changes to GST laws that affect relevant property transactions. These laws are set to take effect on 1 July 2018. This guide is intended to provide buyers, sellers and real estate agents with a guide to their withholding obligations. We aren’t tax advisors, lawyers or accountants. Please seek the appropriate …

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How the REIWA structural inspection annexure could compromise your legal rights

How the REIWA structural inspection annexure could compromise your legal rights

If you’re buying an older property it makes sense to ensure it’s structurally sound before committing to the purchase. The most common way to obtain this assurance is to make your offer subject to a structural inspection. Because it’s so common, most agents make use of a ‘standard’ structural inspection condition that’s attached to the …

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6 things you need to do after accepting an offer

6 things you need to do after accepting an offer

Congratulations! Your agent has done their magic and you’ve accepted an offer. Now all that stands between you and settlement is the buyers getting their finance and a couple of property inspections. Nothing to it, right?! Not so fast. Between now and settlement there’s plenty for you to do. As far as settlement goes we’ve …

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What can Delay your Finance Approval

What can delay your finance approval? Find out here

The Perth property settlement process involves moving parts that all need to come together for settlement day. These include paperwork, legal documents and transfer papers. Finance approval is an important part of the process and one that is delayed or taken for granted by property buyers. The list of items required to process and approve …

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Why safety should be your top priority when selecting a settlement agent

Why safety should be your top priority when selecting a settlement agent

Caveat emptor – let the buyer beware. So goes the old adage, and a handful of Perth people have learnt this lesson the hard way. A recent ABC News report told the story of one such victim. An elderly pensioner was in the process of purchasing a property in Perth’s western suburbs when internet scammers …

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Home maintenance tools on wall

Keep Your Home In Shape: Your Annual Home Maintenance Planner

The home maintenance schedule every home owner should follow Owning a property is a huge financial responsibility with a host of recurrent costs that come along with ownership. But you can minimise unnecessary costs and stresses with regular maintenance and a bit of DIY. Of course, maintaining a home takes time and effort. That’s why …

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White Ants: Don't Let These Little Pests Ruin a Deal

White Ants: Don’t Let These Little Pests Ruin a Deal

Sometimes it’s the little things that cause the biggest headaches during settlement. This was certainly the case for one unsuspecting seller when a dispute arose between himself and the buyer after the discovery of live termites in a tree stump. In this instance, Mr Jones (not his real name) accepted an offer that was subject …

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