What Happens When a Property Is Passed In at Auction

What Happens When a Property Is Passed In at Auction
We hear this question regularly from Melbourne buyers who were the last bidder standing on Saturday, then found themselves in the kitchen or on the front verandah being asked to name a new price.The short answer: A property is passed in when it does not sell at auctio... Read More

Fixing a Settlement Adjustment Error in Victoria

Fixing a Settlement Adjustment Error in Victoria
This is one of the most common worries that reaches us after settlement: the keys have changed hands, then a council, water or owners corporation notice arrives and the figures do not seem to match.The short answer: A settlement adjustment error in Victoria can often ... Read More

Can You Extend the Cooling-Off Period in Victoria?

Can You Extend the Cooling-Off Period in Victoria?
Your three clear business days are nearly gone, but the bank valuation, building report or contract advice you were waiting for still hasn’t arrived. Asking for more time can be sensible, but the request itself doesn’t stop the cooling-off clock.The short answer:... Read More

Stamp Duty Assessment Delayed Before Settlement in Victoria

Stamp Duty Assessment Delayed Before Settlement in Victoria
Settlement is close, your finance is ready, and the moving boxes are already stacked, but the Victorian duty transaction is still waiting for manual assessment. That unfinished tax step can stop an otherwise ready purchase from settling on the date in the contract.The short answer:... Read More

Subject to Finance Extensions for Victorian Sellers

Can a Buyer Withdraw Before the Seller Signs in Victoria?
We get this question from Melbourne buyers who signed after a busy inspection, then felt uneasy while the contract was still with the agent. The gap between signatures can feel like a legal waiting room.The short answer: A Victorian buyer can generally withdraw a writ... Read More