New GST Compliance for Property Sales

  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 [...]

By | 2018-06-20T13:30:39+00:00 June 20th, 2018|Penny's blog|0 Comments

Lands Titles Office announces 2018-2019 fees

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 [...]

By | 2018-06-04T07:13:48+00:00 June 4th, 2018|Penny's blog|0 Comments

Professional conveyancing services versus DIY

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 [...]

By | 2017-11-22T12:00:50+00:00 November 22nd, 2017|Penny's blog|0 Comments

E-conveyancing in South Australia celebrates 1st year anniversary

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 [...]

By | 2017-07-14T22:35:32+00:00 July 14th, 2017|Penny's blog|0 Comments

Risk management and real estate: Protecting your property purchase

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 [...]

By | 2017-06-05T20:29:05+00:00 June 5th, 2017|Penny's blog|0 Comments

Land Titles Office announce 2017/18 fees

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). [...]

By | 2017-05-29T16:09:17+00:00 May 29th, 2017|Penny's blog|0 Comments

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

  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 [...]

By | 2017-05-29T09:20:24+00:00 May 25th, 2017|Penny's blog|0 Comments