In order to reduce the risk of title fraud, from 28 April 2014 the South Australian Registrar General implemented a policy where conveyancers, legal practitioners and mortgagees are responsible to verify their clients identity either by a face to face meeting or use an agent to do so. What do you need to provide? [...]
Let me introduce Michelle Hendry, Business Manager of Conveyancing Matters "I pride myself on understanding our clients’ businesses and their requirements and being able to provide commercial advice and solutions, which adds value to our clients.” Michelle Hendry joined the Property Matters Group in 2017 as Business Manager of Conveyancing Matters Pty Ltd with [...]
Stamp Duty abolished for Commercial and Industrial property It's not very often do we associate good news with a tax or duty and I'm pleased to say we finally can! The good news is the abolishment of stamp duty for purchasers of "qualifying land" which will apply to contracts from 1 July 2018. Background Since July [...]
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 [...]
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 [...]
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 [...]
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 [...]
Whether to sell your current home before buying a new one or vice versa is a common dilemma. As with most dilemmas, no right answer exists. Both options have pros and cons. The trick is to determine which option has the most pros in your individual situation and will create the least amount of stress [...]
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 [...]
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). [...]
