Is a Letter of Offer Binding in Victoria?

Is a Letter of Offer Binding in Victoria?
We get asked this a lot by first home buyers who leave a Saturday inspection in Brunswick, Preston or Bentleigh, then realise they signed a one-page ‘Letter of Offer’ at the agent’s desk without getting it checked.... Read More

Smoke Alarm Requirements When Buying a House in Victoria

Smoke Alarm Requirements When Buying a House in Victoria
We get asked this almost every week by first home buyers who have fallen for an older Melbourne house: 'Does the vendor have to prove the smoke alarms are compliant before settlement?' The honest answer is less comforting than most buyers expect, which is why it ... Read More

Windfall Gains Tax Explained for Victorian Buyers

Windfall Gains Tax Explained for Victorian Buyers
We get asked this all the time by buyers looking at blocks on Melbourne's fringe, house and land packages, or small acreages where the agent says the land was 'recently rezoned'. The worry is usually the same: if the land carries a Windfall Gains Tax issue, does ... Read More