Blog

New GST Compliance for Property Sales

By | 2018-06-20T13:30:39+00:00 June 20th, 2018|Penny's blog|

  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 [...]

Lands Titles Office announces 2018-2019 fees

By | 2018-06-04T07:13:48+00:00 June 4th, 2018|Penny's blog|

As the first day of winter arrives, the Lands Titles Office have released their 2018/19 financial year fees. Links to Fees and Charges can be accessed at www.sa.gov.au/landservices 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 [...]

Professional conveyancing services versus DIY

By | 2017-11-22T12:00:50+00:00 November 22nd, 2017|Penny's blog|

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 [...]

E-conveyancing in South Australia celebrates 1st year anniversary

By | 2017-07-14T22:35:32+00:00 July 14th, 2017|Penny's blog|

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 [...]

Risk management and real estate: Protecting your property purchase

By | 2017-06-05T20:29:05+00:00 June 5th, 2017|Penny's blog|

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 [...]

Land Titles Office announce 2017/18 fees

By | 2017-05-29T16:09:17+00:00 May 29th, 2017|Penny's blog|

As we near the end of the financial year, it's time to upload the latest Lands Titles Registration fees to your systems. The base registration fee will be $160 ( for example, used to register a discharge of mortgage and register a new mortgage), a Title Search $28.25 and Property Interest Report $290 (ex GST). [...]

Buying or selling a property with a price greater than $750,000

By | 2017-05-29T09:20:24+00:00 May 25th, 2017|Penny's blog|

  Capital gains withholding: Impacts for foreign and Australian residents On 9 May 2017 the Federal Government announced proposed changes to the foreign resident capital gains withholding rate and threshold.  The changes will apply to contracts entered into on or after 1 July 2017. for real property disposals where the contract price is $750,000 and [...]

Effects of 2017/18 Federal Budget on the Property Industry

By | 2017-05-29T09:20:24+00:00 May 19th, 2017|Penny's blog|

On 9 May 2017 the Federal Government released the 2017 / 2018 Federal Budget. To further the aim of, ‘improving Australians’ access to secure and affordable housing across the housing spectrum’, a number of changes were introduced in this budget that are of particular interest to the property industry. On the face of it, if [...]