Can a buyer pull out of an unconditional contract?

can a buyer pull out of an unconditional contract
If you have just won an auction in Brunswick or signed a private-sale contract in Frankston without any special conditions, you have almost certainly been told that the agreement is "unconditional" and cannot be broken. That statement is mostly true, yet not entirely. Victorian law still provides... Read More

How to find encumbrances on property

How to find encumbrances on property
Few things sour a property purchase faster than discovering, after settlement, that you cannot build a garage, extend upwards or even fence your land the way you planned. In most cases the culprit is an encumbrance: a legal or financial interest that someone other than you holds over the land. Mo... Read More

Can I be present during home inspection?

Can I be present during home inspection
Booking a pre-purchase building and pest inspection is one of the smartest decisions you can make when buying in Melbourne's competitive property market. Yet many first time and seasoned buyers alike still ask the same question: "Can I (or should I) be there on the day?" This guide sets out your ... Read More

Joint In Common VS Tenants In Common

Joint In Common VS Tenants In Common
Buying a home or investment property in Melbourne is exciting, but it also demands clear decisions about legal ownership. One of the first questions your conveyancer will ask is, "Do you want to register the title as joint tenants or as tenants in common?" Although the two phrases sound similar, ... Read More

Are council rates paid in advance or arrears?

Are council rates paid in advance or arrears
Quick answer: Victorian council rates are levied for the coming financial year (1 July – 30 June). In other words, they are raised in advance, even though most households choose to pay them off through quarterly instalments. If those instalments fall... Read More