selling property

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 […]

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