NEWS + BLOG
Buying Property with a Friend? Here’s How to Do It Lawfully
If you have been renting a house or apartment with a friend and you get along well, you might have wondered about joining forces to co-own a property with them. That sounds like a solid idea, but entering into a co-ownership agreement requires carefully evaluating the distribution of costs and ownership.
What Is the Difference Between a Conveyancer and a Conveyancing Lawyer or Solicitor?
You have gone to numerous property viewings and participated in multiple auctions — and now, you have finally secured your first home. This moment marks a milestone in your life but also prompts an essential question: who do you need to facilitate the property transfer?
Can You Walk Away from a Home Purchase Contract If The Property Has Unapproved Structures?
Purchasing a home typically brings a sense of joy and anticipation. Yet, this excitement can swiftly shift to concern when you uncover unapproved structures on the property, such as an unexpected granny flat or a carport. The prospect of having to dismantle these additions post-settlement is not only inconvenient, but quite possibly expensive as well. It therefore raises an important question: Can you walk away from a property purchase contract in such situations? We help explain your rights as a homebuyer in Queensland and guide you on whether you can back out of a house sale.
Significant Changes to Queensland's Community Titles Schemes
In a landmark move, the Queensland Government has recently enacted the Body Corporate and Community Management and Other Legislation Amendment Bill 2023. This comprehensive bill introduces significant amendments to various acts regulating community title schemes in Queensland. These changes cover a wide range of topics, including the termination of community titles schemes, smoking regulations, pet approvals, vehicle towing, and modifications to the Land Sales Act 1984. In this blog post, we will delve into the key alterations brought about by this welcomed change to legislation.
Closing the Sunset Clause 'Loophole'
In a significant development for off-the-plan land buyers in Queensland, recent amendments to the Land Sales Act 1984 have closed a longstanding sunset clause 'loophole.' This blog post explores the implications of these changes, which aims to provide greater protections for buyers involved in off-the-plan land transactions.
The Legal Aspect of Incentives for Pensioners to Downsize Homes
Historically for many pensioners in Australia, downsizing their homes after retirement would have had an impact on their pension. The new Social Services and Other Legislation Amendment (Incentivising Pensioners to Downsize) Bill has changed all that with attractive incentives in an effort to encourage pensioners to downsize their homes.
Understanding Australia's Revamped Help to Buy Scheme: A Legal Perspective
The revamped Help to Buy scheme presents both opportunities and complexities. While it aims to make home ownership more accessible, it comes with its set of criteria and limitations that prospective applicants must closely examine.
How to Navigate Project Development Agreements
We explore the key aspects of navigating project development agreements in Australia to help stakeholders understand the intricacies and help work towards favourable outcomes for all parties involved.
Gift or Sale? Exploring Options for Property Transfer Between Family Members
Today, we’re diving into the legal world of property transfers, uncovering the intricacies of gifting and selling (including stamp duty implications of each option) and exploring how they fit into the larger picture of estate distribution.
Seller’s Disclosure Regime Property Law Bill 2023
A new bill before Queensland Parliament - the Property Law Bill 2023 - is an initiative that will introduce a seller disclosure scheme for property transactions in the region, as is already in place in NSW and Victoria. In this blog, we outline what application of this bill may mean for buyers and sellers.
How Conveyancing Lawyers Help Navigate the Legal Landscape of Buying Off the Plan
At Bradley & Bray, our experienced team of conveyancing lawyers understands the intricacies of off-the-plan purchases in Australia, particularly in Queensland. Today, we’ll share how conveyancing lawyers play a vital role in assisting buyers throughout the process and ensuring a smooth & legally sound transaction.
Essential Considerations When Buying Rural Property in Queensland
Discover the essential considerations when buying rural property in Queensland. From water entitlements to GST exemptions, this blog explores the unique challenges of rural land purchases. Learn how our property lawyers in the Sunshine Coast can guide you through the process effectively.
How Can Conveyancing Lawyers Help You Buy Property Through Your SMSF?
If you are contemplating the purchase of property within your self-managed super fund (SMSF), you may be interested in understanding how the conveyancing process can aid you in securing the ideal property. In the following discussion, we delve into the ways in which conveyancers can benefit your SMSF property investment.
Retirement Villages: Safe as Houses?
We touch on some of the considerations you should take into account before entering into a retirement village contract. Bradley & Bray’s legal team will be happy to peruse your contract and guide you through the terminology and implications of entering into the contract.
Settlements and Extension of Settlement Date in REIQ Contracts
Recent updates to the Real Estate Institute of Queensland (REIQ) Contracts include provisions for extending the Settlement Date by up to 5 business days, in certain circumstances.
Settlements in Queensland Conveyancing... How Does it Work?
Conveyancing of property sounds complex. We cover the conveyancing process through to Settlement to help you understand what happens if you have a purchase or sale contract which has now gone unconditional. Your Lawyer/Conveyancer has a bit of work to do before the Property is settled.
Changes are coming to land tax in Queensland
Queensland has introduced land tax amendments that will consider the value of all land owned in Australia when determining land tax liability in Queensland.
REIQ Contract Updates: Key Changes You Need to Know
With such a high volume of sale contracts being completed, it's more important than ever to heed changes to standard residential contract conditions in Queensland.