CONVEYANCING PRACTICE
When you decide to purchase or sell a property, you may face a series of complex legal documents and legal procedures.
Obtaining professional legal advice as early as possible will improve the security and efficiency of your case to a large extent. Johninfo has extensive experience in assisting clients in all aspects of commercial and residential property matters.
SELLING PROPERTY
If you are selling a property, before you can advertise your property for sale, you must have a Contract for Sale prepared for viewing by prospective purchasers.
We can prepare the contract on your behalf ensuring all the required documents are included and your legal obligations are met. Specifically, we can ensure that the contract of sale is tailored specifically to your land or property, outside of the standard conditions applicable to land sales, and ensure your interests are protected until the sale is complete.
After the contract is exchanged, we can liaise and negotiate on your behalf with third parties, to minimise the stress of the process for you.
BUYING PROPERTY
If you are buying an existing property, and you have found a place you like, the first step is to have us review the contract for you.
Specifically, we will ensure that the terms and conditions of the purchase are in your favour, or at the very least fair with regards to your cooling off period, and where and how the deposit is held.
We will minimise risk and clarify any uncertainties of the transaction, undertake relevant searches and attend to the final settlement on your behalf.
FIRB
Foreign Investment Review Board (FIRB) is an Australian Government Department that assesses applications from foreigners who would like to invest or buy a property in Australia.
In general, Temporary Resident or a Foreign Investor in Australia are required to seek approval from FIRB before investing or buying a property in Australia. However, there are exceptions for this requirement for some investment activities by Foreign Citizens.
Australian citizen, Australian permanent resident, New Zealand Citizen do not require FIRB approval for investing or buying a property in Australia.
LAND TAX
Land tax is a tax levied on the owners of land in NSW as of midnight on 31 December of each year. In general, your principal place of residence (your home) or land used for primary production (a farm) is exempt from land tax.
Land tax is calculated on the total value of all your taxable land above the land tax threshold, not on each individual property. If the combined value of your land does not exceed the threshold, no land tax is payable. Your liability for each year is based on the value of all land you owned on 31 December in the previous year. Any changes to the land you own this year will only affect how much you pay next year.
SPECIAL TOPIC：PROPERTY LAW
Foreign Investment Review Board (FIRB) is an Australian Government Department that assesses applications from foreigners who would like to invest or buy a property in Australia.
In general, Temporary Resident or a Foreign Investor in Australia are required to seek approval from FIRB before investing or buying a property in Australia. However, there are exceptions for this requirement for some investment activities by Foreign Citizens.
Australian citizen, Australian permanent resident, New Zealand Citizen do not require FIRB approval for investing or buying a property in Australia.