From land acquisition, finance, tax advice, business structure to property settlement, our knowledge and experience plus strict procedure and intensive checklist will help you achieve a successful result.
If you are a proposed purchaser:
We understand that buying a property can be confusing. Before you sign the contract or place an offer, ask the agent for a copy of contract for sale of land and send it to our property lawyers to review. We aim to review your contract in a timely manner and contact you to discuss the main contractual terms and request any necessary amendments on your behalf.
In some circumstances, we will encourage you to order a strata report, building inspection report or pest report before the exchange of contract, since the purchaser’s right to rescind the contract due to a defect in title to or quality of the inclusions is restricted.
Based on our thorough understanding of the current policies, we will also provide accurate advice regarding the GST, stamp duty exemption or concession, first homeowner grant and so forth to make sure you receive the maximum benefits you are entitled to. If you are an overseas purchaser, we will advise you of the FIRB application, vacancy fee and surcharge stamp duty and land tax issues.
After the exchange of contract, we will do our part including running searches, booking settlement with the vendor’s solicitor and incoming mortgagee, preparing settlement adjustment sheet and advising settlement and shortfall figures.
If you are a proposed vendor:
When you intend to sell a property owned by you, the first step is to find our property lawyers to prepare a contract for sale of land and provide it to the agent for marketing. Failure to fulfill the vendor’s disclosure obligations will entitle the purchaser to rescind the contract without forfeiting any deposit paid. We work prudently to make sure all the prescribed documents under Conveyancing (Sale of Land) Regulation 2017 are updated and attached to the contract prior to the exchange of contract.
Following the exchange, we will order the land tax certificate and Foreign Resident Capital Gains Withholding (FRCGW) Clearance Certificate and serve the purchaser’s solicitor in due course. As to foreign resident vendors for tax purposes, we will also advise you of the FRCGW amount to be paid to the Australian Taxation Office. You are encouraged to seek independent financial advice as to the possibilities of applying for the FRCGW variation and GST discount.
If the property to be sold is mortgaged, we will also apply for the discharge of mortgage to the outgoing mortgagee on your behalf, advise payout figures and split the sale proceeds according to your instructions.
Equipped with sharp legal knowledge and profound practical experience, we have worked closely with the agent, the other side solicitor, the strata manager, the broker and the mortgagee and the authorities and secured smooth settlements in various conveyancing matters. Our work is greatly appreciated and highly recommended by our clients.
Please contact us now on 02 9283 8588 for all of your conveyancing needs.
Our conveyancing services include but are not limited to:
- Acquisition of land and due diligence
- Off-the-plan sale and purchase
- Off-the-plan on sale
- Review of the contract for sale of land
- Preparation for the contract for sale of land
- Put and call options
- FIRB application for overseas purchasers
- House and land packages