Posts on Oct 2020

How much does commercial conveyancing cost?

Conveyancing fees are usually made up three (3) components:

• The professional fees your conveyancer charges you to provide advice, prepare legal documents and undertake the conveyancing process.

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What size block can I subdivide?

The size of the land you will need to subdivide will depend on the planning zone, overlays and schedules that affect the land. Properties in a General Residential Zone or Neighbourhood Residential Zone may also need to comply with the minimum garden requirement which is generally 25% where created lot is less than 400m2.

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What is the cooling off period for a house contract?

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Subject to some exceptions, a purchaser can end a contract of sale within 3 clear business days of signing. Cooling off previsions do not apply to purchasers who are also estate agents, corporations, or for the purchase of commercial property, farming land, or land >20 hectares. Furthermore, a purchaser cannot cool off from a contract for a property purchased at, or within 3 clear business days of a publicly advertised auction, or if the purchaser has previously entered into a substantially similar contract for the same property.

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