selling property

When you’re selling a house, it can be tempting to fix every little problem to make it look perfect for potential buyers. But is that really necessary? Not all repairs and improvements add value or result in a higher selling price. Some fixes may even cost more than the return you’ll get.  To help you

When it comes to increasing the value to a house in Australia, particular improvements and features can make a significant difference. Factors like strategic renovations, adding extra living space, energy-efficient upgrades, well-maintained outdoor areas, and a favourable location can all contribute to raising your property’s market value. Understanding which improvements offer the best return on

When a property is sold, it’s expected that the seller will remove all personal belongings before settlement. However, goods left on property after settlement are a common issue that can lead to confusion or disputes between buyers and sellers. Whether it’s forgotten furniture, leftover rubbish, or even valuable items, understanding who is responsible and how

When buying or selling property in Queensland, one of the most important aspects of the contract is the vacant possession clause. This clause ensures that the buyer will receive the property free from any tenants or occupants at the time of settlement, granting them full control over the property.  In Queensland property transactions, the vacant

Selling a property in Australia with a non-compliant pool is possible, but it comes with specific legal and practical challenges that every seller should understand. A non-compliant pool refers to a pool that does not meet the legal safety standards set by local councils or state laws, often related to fencing, barriers, and other safety

Selling a property is a significant event, and it’s natural to wonder: how long after house settlement do I get paid? Generally, sellers can expect to receive their payment on the same day as settlement or within 24 hours.  However, this timeline can vary based on factors like your bank’s processing speed and any unexpected issues

When purchasing property in Australia, two common ownership types you’ll encounter are Torrens Title and Strata Title. The Torrens Title system grants full ownership of both the land and the property, giving the owner complete control. On the other hand, Strata Title applies to properties like apartments or townhouses, where owners share ownership of common

In property transactions, both buyers and sellers in Australia must fulfil certain obligations, one of which is giving vacant possession. This is a legal term used in property transactions that means the property must be empty of tenants, personal belongings, and anyone else’s legal right to occupy it at the time of settlement. But what

When selling a house in Queensland, it’s important to understand the various costs involved so you can plan effectively. The cost of selling a house in QLD includes several key expenses, such as real estate agent commissions, conveyancing fees, government charges, and marketing costs. These expenses can add up, and it’s crucial to have a

When you’re ready to transfer ownership of property, the process culminates in what’s known as settlement. This crucial phase in real estate transactions ensures that legal and financial commitments are met, allowing the keys to change hands smoothly.  In this guide, we’ll walk you through the steps of settlement, explain the roles of various parties

Joint ownership of a house can be a great way to share the financial burden and responsibilities of homeownership. But what happens when one owner wants to sell the property while the others are content to stay? In this post, we’ll talk about the specific laws and regulations regarding joint ownership and property sales. We’ll

Selling your home presents a unique set of opportunities and challenges. Whether you’re upgrading, downsizing, or simply looking for a change of scenery, the process requires careful planning and strategic execution. In this guide, you’ll discover practical steps to prepare your property for the market, attract serious buyers, and secure the best possible deal. From

Thinking of selling your home in Australia? Or simply want to increase its overall value? You don’t need to break the bank with major renovations. Plenty of budget-friendly upgrades can significantly enhance your home’s appeal and market value. This guide dives into cost-effective renovation ideas with high returns on investment, specifically tailored to the Australian

Australia’s stunning natural beauty comes with a harsh reality: the ever-present threat of natural disasters. From bushfires to floods, these events can wreak havoc on communities and leave lasting scars on the property market. In this in-depth analysis, we’ll explore how natural disasters impact Australia’s property landscape, examining both the immediate aftermath and long-term consequences.

Buying or selling a property in Queensland? The contract of sale is the cornerstone of the transaction. But how long does this crucial document remain in force? Understanding its validity is vital for both buyers and sellers. Let’s delve into the specifics and timeframes that govern contracts of sale in Queensland. Understanding the Contract of

Buying a house is a significant financial commitment, and making an offer can be both exciting and nerve-wracking. To safeguard your investment, it’s crucial to understand what conditions to include in your house offer. In this guide, we’ll walk you through essential conditions that can help protect your interests and ensure a smooth buying process

Picture this: you’ve struck a deal with a vendor, but things aren’t going to plan. Can they simply back out? The answer is complex. While contracts are legally binding in Australia, there are specific circumstances where a vendor might have the right to terminate an agreement. This article dives into the intricacies of contract law,

The value of your home is more than just a number – it’s the foundation for financial decisions, from refinancing to selling. Understanding how to get an accurate valuation is crucial in the Australian real estate market.  This guide walks you through every step, from DIY estimates to professional appraisals, so you can make informed

Queensland’s apartment market is booming, but with growing demand comes a wave of questions for potential buyers. One query echoes through the minds of many: “Do I really need a building and pest inspection for an apartment?” Let’s cut through the clutter and get to the heart of the matter. The Straightforward Answer: It’s Highly

Investing in real estate remains a popular avenue for building wealth, especially in Queensland where the market shows promising trends. Whether you’re a seasoned investor or considering your first property purchase, understanding what to look for in an investment property is crucial to maximising returns and minimising risks. Location: The Prime Determinant of Value The

The real estate market is a dynamic field influenced by a myriad of factors that shape house prices. Understanding these factors is essential for buyers, sellers, and investors alike. Recent legislative changes and development projects in Queensland add another layer to this ever-evolving landscape. Economic Indicators Economic stability plays a pivotal role in determining house

Owning a block of land can be a valuable asset, but circumstances may change, and you may decide it’s best to sell. While hiring a realtor is a common route, selling land privately can save you money on commissions and offer more control over the process. If you’re ready to take on the challenge, this

Selling an apartment in Australia requires careful planning, strategic marketing, and an understanding of the real estate market. Whether you’re a seasoned investor or a first-time seller, this comprehensive guide will walk you through the steps to sell your apartment efficiently and for the best possible price. 1. Understand the Market The first step in

In today’s real estate market, selling a property while it’s still under a mortgage is a common scenario. Homeowners often wonder about the process and implications of such a sale. This guide aims to provide clear and concise information, shedding light on essential steps and considerations for homeowners in Queensland looking to sell their mortgaged

In an increasingly competitive real estate market, unconventional sales tactics can sometimes emerge, leading many to wonder: Can you sell a house for $1 in Australia? This question prompts a closer examination of the legal and practical aspects of real estate transactions within the country. Legal Viability of $1 House Sales First and foremost, addressing

The Goods and Services Tax (GST) is a 10% tax levied on most goods and services in Australia. However, when it comes to property sales, the application of GST isn’t always straightforward. Let’s unravel the details to understand how GST might factor into your property transaction. Existing Homes In most cases, the sale of an

Receiving a property as a gift can have significant immediate financial benefits, yet it involves various legal and tax considerations if you plan to sell. Whether you inherited the property or received it as a gift during the giver’s lifetime, understanding the tax implications and legal requirements is essential. Deed of Gift The first step

Selling commercial property when not registered for Australia’s Goods and Services Tax (GST) is permissible, but it carries distinct financial implications for both sellers and buyers.  Understanding these tax nuances is crucial for maximizing profitability and avoiding potential liabilities. GST Fundamentals GST is a 10% tax applied to most goods and services, including commercial property

Selling your home in Queensland is a major decision and, unlike buyers, you don’t get a cooling-off period to change your mind. This means there’s no turning back once you sign that contract, so it’s crucial to make an informed decision before going to market. Why No Cooling-Off Period for Sellers? Queensland’s property laws prioritise

Investing in real estate can be a fantastic path to building long-term wealth, but purchasing multiple investment properties requires knowledge and finesse. If you’re considering delving deeper into Australia’s property market, learn the strategies and tactics required to successfully manage a portfolio of investments. Pros and cons of buying multiple investment properties Expanding your real

Whether due to divorce, inheritance, or a change in financial circumstances, there are times when selling only half of a property might be the most practical solution. This unique scenario involves several legal complexities and requires strategic approaches to protect your interests and achieve your goals. Understanding Joint Ownership Joint ownership in real estate is

The loss of a loved one is a difficult time, and dealing with their estate can add additional complexities. Suppose you’re an executor or beneficiary tasked with selling property as part of a deceased estate in Queensland. In that case, it’s crucial to understand the legal process, tax implications, and tips for a smooth sale.

The vibrant real estate market in Queensland (QLD), Australia, presents a unique opportunity for sellers to capitalise on the benefits of auctioning their properties. Selling a house at auction in QLD is not just a transaction but an art that involves strategic planning, understanding market dynamics, and engaging with potential buyers in a competitive environment.

Purchasing your parents’ home carries potential benefits for both parties. They might offer it to you at a reduced price compared to the open market, providing you with a chance to step onto the property ladder.  However, there are crucial financial, legal, and tax implications that need consideration. Is It Legal? Yes, your parents can

Selling your house can be a major financial decision, and it’s essential to understand whether the sale will trigger Capital Gains Tax (CGT). This tax applies to profits made on the sale of most assets, including property. Fortunately, there are specific exemptions and scenarios where you may avoid CGT entirely or partially reduce its impact.

Selling your Australian home without an agent can save money, but understanding the legal side is vital.   Knowing vendor statements, contracts, and mandatory disclosures is crucial to avoid costly mistakes.   This blog post will delve into the legal requirements of selling your house privately in Australia.  We’ll cover the essentials to ensure your sales are