Clarke Law in Narooma, New South Wales | Local service

Clarke Law

Locality: Narooma, New South Wales

Phone: +61 2 4476 2744

Address: 108 Wagonga Street 2546 Narooma, NSW, Australia

Website: http://clarkelaw.com.au/

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23.01.2022 Thanks to our friends at the College of Law for this different take on Christmas! Check out this link for their thoughts: https://www.collaw.edu.au//the-santa-clause-odd-christmas-... Meanwhile, we would like to wish you all an enjoyable festive season. From the team at Clarke Law.

22.01.2022 Stamp Duty Exemptions or Concession When Buying Your First Home or Vacant Residential Land First Home Buyers Assistance scheme The First Home Buyers Assistance scheme is a NSW Government initiative which provides exemptions or concessions on transfer duty (stamp duty) for eligible NSW first home buyers. This includes vacant land on which you intend to build your first home.... From 1 July 2017 the First Home Buyers Assistance scheme provides eligible purchasers with exemptions on stamp duty on new and existing homes valued up to $650,000 and concessions on duty for new and existing homes valued between $650,000 and $800,000. Eligible purchasers buying a vacant block of residential land to build their home on will pay no duty on vacant land valued up to $350,000, and will receive concessions on duty for vacant land valued between $350,000 and $450,000. Find out more To find out if you qualify for First Home Buyers Assistance please contact us at Clarke Law. Further information can also be found at https://www.revenue.nsw.gov.au/grants/fhba

21.01.2022 Don’t have that 10% deposit, but have found a property you would like to purchase? - Here’s your way around it - DEPOSIT BONDS In an ordinary conveyance, the Vendor (seller) will require you to pay a 10% deposit before they will enter a contract for sale with you. If you are buying a house worth $400,000, this would mean you have to have $40,000 to hand over to the Real Estate Agent when you enter the agreement to buy the property, (usually months before the property is actu...ally yours!). We understand saving this amount of money while dealing with everyday life expenses can be extremely difficult. So, here’s your alternative: A Deposit Bond is an insurance policy whereby the policy document replaces the cash deposit. You, as the purchaser, pay a premium to the deposit bond provider and, in return, the provider pays the 10% deposit to the seller if you do not complete the Contract. This means that if, for any reason, you are unable to complete the contract, the deposit bond provider will seek to recover from you money they have paid to the seller. Where the matter proceeds to settlement, the full purchase price including the deposit, is payable by you (so you will need to have all of the purchase price finance by then). Call our office on (02) 4476 2744 or email [email protected] today to find out how to apply for a deposit bond, and to discuss whether this may be of assistance to you.

14.01.2022 Recently a client asked us 'what's the difference between a solicitor and a conveyancer?'. This is a question we get a bit. It can be confusing when you have the same service being offered by two different professions. Basically, both are qualified to deal with the transfer of property. Every time a property changes hands the process is called conveyancing. Our client was wondering whether he should be using a conveyancer to do his conveyancing, because he had recently read ...that conveyancers 'only deal with property, unlike solicitors who deal with many types of law'. The implication being that conveyancers are therefore better qualified in property law. It is true that conveyancers will generally only have knowledge in one area of law, being property law. Solicitors on the other hand have specific knowledge about property law but also broader knowledge of the law in general. This broader knowledge of the law means that a solicitor can help with any issues that might relate to the conveyance (for example, tax implications) and with issues arising beyond the scope of the simple transfer process (for example, if a purchaser pulls out of the sale and you need sue them). Unfortunately, if issues arise outside the transfer process, a conveyancer will usually need to refer your matter to a solicitor to resolve. Our client also queried why conveyancers are generally cheaper than solicitors. Basically, the difference in knowledge and experience is what also commonly creates a price difference between conveyancers and solicitors. So, when considering whether to hire a solicitor or a conveyancer, it is important to think about how complex the transaction is likely to be. A conveyancer might be perfectly suitable for simple transactions or where the budget it tight. The more complex the transaction, the more important it will be to ensure any technical issues, uncertainties or problems that arise can be dealt with swiftly. Please feel free to contact us at Clarke Law if you have any queries in relation to the sale or purchase of property. We are also able to help with a broader range of property related matters, including subdivisions, easements, co-ownership agreements, retail and commercial leasing.

11.01.2022 Tough new laws for drink driving Sweeping reforms to NSW drink driving laws will commence from the end of 2018. The key changes are:... - On the spot $561 penalty, plus a 3 month licence suspension for low range drink driving and drug driving first offences. Thus, the low range drink drivers will have to hand over their licences on the spot and only go to Court if they wish to contest the matter. - Expansion of the alcohol interlock program to mid-range, drink drivers (Interlock devices cost thousands of dollars to install in a vehicle). - Vehicle sanctions for high risk, repeat offenders - in addition to other penalties - including licence plate confiscation and vehicle impoundment.