Frequently Asked Questions (FAQs) for Queensland Property Purchaser

Frequently Asked Questions (FAQs) for Queensland Property Purchaser.... According to CoreLogic’s report in September 2021, Brisbane's dwelling values have risen 10.6% in the last year and are now at new highs. Queensland’s property market is now experiencing a massive surge in price and popularity in Australia and is attracting overseas investors as well.
Property | 7 October 2021

What is a Building Information Certificate? When should I get one?

Building Information Certificate A Building Information Certificate (formerly known as building certificate) is a certificate issued by the local Council promising not to take any legal actions or issue any orders concerning the improvements (e.g. house, shed, garage, building etc) on the property for a period of 7 years from the date of the certificate. […]
Property | 22 September 2021

Why should property purchasers obtain a survey report?

Why should property purchasers obtain a survey report? A survey report is a report prepared by a registered surveyor. The report usually includes a plan which identifies the land’s measurements and boundaries. The report will also reveal whether the improvement(s) on the land (e.g. a shed, garage, house, etc) and the fences have encroached onto the neighbour’s land.
Property | 22 September 2021

Tax-related matters in purchasing a property in New South Wales

Purchasing a property in New South Wales requires you to pay several taxes which include transfer duty, (also known as stamp duty) for residential property, Premium Property Duty (for property over $3 million), surcharge purchaser duty (for foreign purchasers) and Goods and Services Tax on commercial and industrial property.
Property | 29 July 2021

Defer stamp duty payment for eligible off-the-plan purchasers

Off-the-plan purchasers may be able to defer paying for the stamp duty for up to 12 months after signing the contract, or until the property is completed or handed over, whichever comes first, on the basis that the property will be used as a principal place of residence.
Property | 26 July 2021

Buying a property in NSW as a foreigner

Buying a property in Australia as a foreigner is subject to additional restrictions. We discuss these restrictions below. Definition of a foreign person It is important to know if you are classified under the key term ‘foreign person’ under the current legislation as a foreign person is subject to a number of obligations under the […]
Property | 7 July 2021