Buying or selling a property: why does your conveyancer need to verify your identity?
Conveyancing Matters Blog
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1y ago
  In order to reduce the risk of title fraud, from 28 April 2014 the South Australian Registrar General implemented a policy where conveyancers, legal practitioners and mortgagees are responsible to verify their clients identity either by a face to face meeting or use an agent to do so. What do you need to provide ..read more
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Lands Titles Office announces 2022-2023 fees
Conveyancing Matters Blog
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1y ago
The Lands Titles Office have released their 2022-2023 financial year fees. Links to Fees and Charges can be accessed here or see below for specific fee schedules. Transfer Registration Fees Guides to the fees applied to land transfers based on the value of the property being transferred: Transfer Registration Fees 2022-2023 Plan Lodgement Fees Summary ..read more
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Sell first or buy first? It’s a bit like the chicken and the egg
Conveyancing Matters Blog
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1y ago
Whether to sell your current home before buying a new one or vice versa is a common dilemma. As with most dilemmas, no right answer exists. Both options have pros and cons. The trick is to determine which option has the most pros in your individual situation and will create the least amount of stress ..read more
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Risk management and real estate: Protecting your property purchase
Conveyancing Matters Blog
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1y ago
When you’ve finally found the perfect property, don’t let excitement take over. Take a step back and consider the potential risks involved in the purchase transaction and work with your conveyancer to ensure that those risks are minimised and/or that you are protected against them.   The principle of caveat emptor—let the buyer beware—applies to ..read more
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Professional conveyancing services versus DIY
Conveyancing Matters Blog
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1y ago
If you have never bought or sold property, you could be forgiven for assuming that legally transferring the ownership of a property from a seller to a buyer would be straightforward. And it is true that simple residential property transactions are unlikely to involve legal or financial complications. The majority of transactions, however, require the ..read more
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E-conveyancing in South Australia celebrates 1st year anniversary
Conveyancing Matters Blog
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1y ago
Pexa commenced in South Australia on July 4th 2016, and our team at Conveyancing Matters were privileged to be the first practitioners to lodge a caveat via the PEXA platform and also one the first practitioners to complete South Australia's first electronic settlement.  Electronic settlements have progressed in South Australia at a momentous rate together ..read more
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New GST Compliance for Property Sales
Conveyancing Matters Blog
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1y ago
  The new GST 'withholding" regime for sales of new residential properties and vacant residential lots will apply to contracts from 1 July 2018. Why The new measure was introduced to prevent developer companies from selling properties for a price that includes GST and then dissolving their business before they are liable to remit the ..read more
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Stamp Duty abolished for Commercial and Industrial property
Conveyancing Matters Blog
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1y ago
Stamp Duty abolished for Commercial and Industrial property It's not very often do we associate good news with a tax or duty and I'm pleased to say we finally can!  The good news is the abolishment of stamp duty for purchasers of "qualifying land" which will apply to contracts from 1 July 2018. Background Since July ..read more
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Peak conveyancing body warns Amendment Bill places home buyers/sellers at risk
Conveyancing Matters Blog
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1y ago
South Australia’s peak conveyancing body is warning that proposed changes to land registry laws in NSW will have significant flow-on effects to South Australia, including the loss of protections if funds go missing during property transferrals. Consumers to wear the cost of Minister’s decision to create interoperability at the expense of consumer protection Australian Institute of Conveyancers ..read more
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