Learn tips and information about property settlements
Further to our previous blog post which provides definitions on strata terminology and tips on selling a strata titled property, here’s what to look out for from the buyer’s viewpoint. Are you in the process of buying your first strata unit? You love the convenient location, gated safety, view from the balcony, and the fact […]
WHAT IS STRATA A strata, as in strata titled property is a form of property ownership. It allows someone to buy and own part of a larger building or property with subdivisions called lots, for residential, commercial, or industrial use. Typically, the buyer purchases their own lot (for example, one of several apartments, units, townhouses, […]
With the Australian property market experiencing a surge in demand, many consumers are experiencing settlement delays due to their lender being overwhelmed, and unable to meet the contracted settlement date. A combination of recent federal and state government support programs, as well as record-low interest rates, are considered to be the key drivers of the […]
As the weather starts to cool, it’s only too tempting for homeowners to be dormant about home and property maintenance. Here are some of KDD Conveyancing‘s top winter home maintenance tips to make it easier to take action! Your reward? Taking small preventive actions now can reap you a host of benefits in future. GREAT REASONS […]
You may have heard about the advantages of buying property under a trust, and be curious about what it is and if it’s right for you. Here’s a quick brief to understand the gist of it, courtesy of the KDD Conveyancing experts. WHAT IS A TRUST? A trust is a fiduciary relationship between legal entities, […]
Even when you’re selling a property to a family member, there are still legal obligations to which you must adhere. For instance, you are still required to meet RCD and smoke alarm compliance, and legal obligations such as the ATO’s Foreign Resident Withholding and GST at Settlement. It is important to understand that selling a house […]
The process of selling or buying a property can be a stressful time for buyers and sellers. What can make it even more stressful is a delay in settlement. These delays occur when the buyer or seller is unable to meet the agreed date and can have many consequences. THE TOP CAUSES OF SETTLEMENT DELAYS The […]
The Australian Registrars’ National Electronic Conveyancing Council (ARNECC), has published Version 6 of both their Model Operating Requirements (MOR) and Model Participation Rules (MPR), with an announcement that they will come into effect from 12 April 2021. ARNECC, the body established to oversee and manage the regulatory framework for electronic conveyancing in Australia, had been consulting industry on Version 6 of […]
A WA family from Thornlie has had their property dreams shattered when they lost their entire $133,000 house deposit in a cyber-fraud recently. The couple had signed an offer to purchase a property in the southern-Perth suburb of Piara Waters and shortly after received an email purporting to be from their conveyancer requesting payment of […]
Government incentives, low-interest rates and favourable market conditions have seen WA experience a surge in first homeowners entering the market. The latest data from WA’s Office of State Revenue reports that FHOG applications and paid grants are at their highest levels since early 2016. In January 2019, 426 FHOG applications were received and 433 grants were paid, compared to […]
