Every superannuation fund purchase is a little bit different. Image by Alex Proimos.

How self-managed super funds impact settlement

Buying property though a self-managed superannuation fund is not as straightforward as buying in an individual’s name. Because of this, it’s wise to allow extra time for settlement. When buying property through a super fund, the fund’s trust deed must allow for borrowing money inside of the super fund. Some banks have specific requirements for …


The time needed for booking can cause settlement delays.

Small banks and settlement delays: what you need to know

Due to the time needed for booking, clients of small banks could experience settlement delays. These delays aren’t experienced by all clients of small banks: if everything in a settlement goes to plan, the use of a smaller lender generally doesn’t cause any issues. However, if for some reason the bank isn’t ready to book …


As with passports, real estate contracts must have the full legal name.

Is that contract in the wrong name? How to avoid identification mistakes

When writing contracts, ensure you use the buyer’s and seller’s full legal names as per their passports and/or birth certificates. A recent case study has shown that driver’s licenses don’t always have the client’s full legal name. Our client, Michaelo (name changed), is currently in the process of settling the purchase of his new home. …


Deceased estate sales often require a survivorship application or transmission application.

How survivorship applications can delay settlement

Survivorship applications and transmission applications are now more likely to cause settlement delays, unless they are accounted for when writing the Offer and Acceptance. As you may know, the purpose of both survivorship applications and transmission applications is to transfer property after an owner has passed away. Survivorship applications transfer property to the remaining joint …


An issue with underground power has re-affirmed the importance of asking good questions

Underground power levies and the importance of communicating material facts

A recent issue with an underground power levy has re-affirmed the importance of asking good questions when listing a property. In this case, we acted for a seller who had recently had underground power installed in her street by the local council. Earlier in the year, the seller had received a letter from the council …


Smoke alarm regulations are changing.

Smoke alarm regulations are changing for new properties

The Building Code of Australia has been amended to require interconnected smoke alarms in new dwellings. In the past, smoke alarms weren’t required to be connected with other smoke alarms in the same dwelling. The new requirement has been introduced to increase the likelihood of a sleeping person becoming aware of smoke and fire danger …


Electronic conveyancing is rolling out.

How and when electronic conveyancing will affect you

Electronic conveyancing is scheduled to roll out over the next year. In this post, I’ll fill you in on the key dates and explain how electronic conveyancing might affect you. If you haven’t heard of PEXA before, it’s the new system which will enable settlement agents and financial institutions to transfer property electronically. Once it …