HL Conveyancing Services in Docklands, Victoria | Financial service

HL Conveyancing Services

Locality: Docklands, Victoria

Phone: +61 3 9614 4168

Address: Suite 5.06, Level 5, 470 Collins Street Docklands, VIC, Australia

Website: http://hlconveyancing.com.au/home

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24.01.2022 Plan on selling your property? All vendors has to provide certain details relating to the property to prospective purchasers. This document is known as a vendor statement. The vendor statement will contact information such as: - Vendors details - Title details... - Information regarding building permits issued in the past 7 years - Particulars of any mortgages or charges over the land (i.e. debts charged against the land) - Information regarding covenants, easements and any other restrictions on title and etc. Need someone to prepare a Vendor Statement for your property? Contact our office today ! Our team are professional and experienced. Our aim is to prepare the section 32 statement as quickly as possible but whilst time is important, getting it right is more important.

23.01.2022 Are you eligible for First Home Owner Grant (FHOG)? FHOG is available when you buy or build your first new home in metropolitan Melbourne or regional Victoria. Your home can be a house, townhouse, apartment, unit or similar, but it must be valued at $750,000 or less and is the first sale of the property as residential property. To apply for FHOG you will need to check whether you are eligible to apply.... To receive FHOG, at least one of the applicant must be: - Over the age of 18 years old. - Intend to live in the property as their primary place of residence for at least 12 continuous months and has to start within 12 months of settlement or completion of construction. - An Australian Citizen or Permanent Resident. However you will not be entitled to FHOG if you (or your spouse/partner) have previously: - Received a FHOG in Australia. - Owned a home or other residential property in Australia, either jointly or separately, prior to 1 July 2000, - Lived for a continuous period of at least six months in a home which either you owned or part-owned on or after 1 July 2000 in Australia. For more information about FHOG, contact our office today !

22.01.2022 All property purchases in Victoria will attract stamp duty. Stamp duty is a state government tax levied against a purchaser when they purchase a property. The amount of stamp duty will depend on the price of the property you pay for, the intend use of the property, whether you are a foreign purchaser or not and whether if you are entitled to any stamp duty exemptions or concessions.... For contracts signed after 1 July 2017, some of the stamp duty exemptions or concessions are: - FHOG: a one-off grant of $10,000 for eligible first-home buyers who buy or build their new home valued up to $750,000 in metropolitan Melbourne or a one-off grant of $20,000 for first-home buyers who buy or build their new home valued up to $750,000 in regional Victoria - First home buyer duty exemption or concession: a one-off duty exemption for a PPR (principal place of residence valued up to $600,000, or a concession for a PPR with a dutiable value from $600,001 to $750,000 - Off-the-plan concession: a duty concession for when an off-the-plan property you buy is intended as your primary home with the dutiable value up to $550,000 or a duty concession for when an off-the-plan property you buy is intended as your first and primary home with the dutiable value up to $750,000 - Principal Place Residence concession: a duty concession for when a property you buy, valued up to $550,000, is intended as your primary home and etc ! If you require more information in regards to stamp duty exemptions and concessions, contact our office !

22.01.2022 Interested in purchasing a property? Need someone to review the Contract of Sale and Vendor Statement before you make an offer and sign? The Contract of Sale is a document signed by the purchaser and vendor on the terms and conditions agreed.The contract is a legally binding document, and breaches of contracts of sale can have potentially devastating legal consequences. As such, we assist you to make sure that you comply with your contractual obligations. Contact our office today and we can review the Contract of Sale and Vendor Statement before you make an offer!!

22.01.2022 From 18th March, HL Conveyancing will be holding mini Webinars once to twice a week. These mini talks will be 5 to 10 minutes in length between 1:30pm and 2:00p...m. They will be held by our staff or industry experts to answer your queries. Please let us know what sort of conveyancing information you would like to hear about. We will choose the most popular topic for our Webinars. Our email: [email protected] 2019318HL Conveyancing 1:30 pm 2:00 pm510

16.01.2022 The contract of sale is the most important document in the conveyancing process. The Contract of Sale is a document signed by the purchaser and vendor on the terms and conditions agre The information in the Contract of Sale should include:... - The names of the vendor and purchaser - Conditions of the sale, such as financing information or additional building inspections - The sale price of the property - The property address - Any exclusions from the sale - Anything else included within the title - Any household fixtures, furnishings and chattels - The intended property settlement date - Any other additional conditions. The contract is a legally binding document, and breaches of contracts of sale can have potentially devastating legal consequences. As such, we assist you to make sure that you comply with your contractual obligations. If you require any assistance on reviewing a contract of sale before placing an offer, contact our office for more information !

15.01.2022 Whether you are buying or selling a property, contact HL Conveyancing Services to assist you ! Our team are professional and experienced. We are able to assist you in a professional and capable manner and in accordance with our mission focus of customer communication and satisfaction. We will handle your case with care and professionalism to every detail and make sure you fully understand all your rights and obligations during the purchase, sale or transfer of properties.... Our office can help you with: Purchasing a Property Selling a Property Transferring a Property Refinances Subdivisions and developments (including assistance with establishment of a body corporate) Nominations Power of Attorneys First Home Owners Grants applications and lodgements Stamp Duty Concession Applications and lodgements Contact our office today for more information.

14.01.2022 Let us help you with your next move! Purchasing your first home can be both exciting and nervous. Did you know that you may be eligible for up to a $20,000 one-off grant? First home owner grant (FHOG) is a government scheme, introduced on 1 July 2000 to help first home buyers offset the effect of GST. Are you eligible?... Your new home must be less than 5 years old. Your new home value must be lower than $750,000. Your new home must be the first sale as a residential premise. You have never received a FHOG or owned a residential property in Australia. You must be 18 years old or over. You must be an Australian citizen or permanent resident, or you hold a permanent visa under s 30(1) of the Migration Act 1958. You must occupy your first home as the principle place of residence for at least 12 continuous months, starting within the first 12 months of settlement. Note: you will not be eligible if your spouse/partner owned property prior to 1 July 2000 or previously obtained FHOG. More exceptions may apply, visit the Victoria State Revenue Office website: https://lnkd.in/gpikSJq for more information. Feel free to contact us if you have any inquiries, our team members are always here to help!

13.01.2022 After 1 July 2017, the Off-the-Plan Duty concession has changed. From 1 July 2017, the off the plan concession applies to buyers purchasing an off the plan property to occupy as their principal place of residence with a dutiable value under a certain threshold. Previously, the off the plan concession was available for purchases of all types of property. The new off the plan concession only applies to contract signed after 1 July 2017. If the contract was entered before 1 July... 2017 but settle after, the previous off the plan concession will be available. The new off the plan concession applies to the purchase of a principal place of residence and is relevant for determining whether the dutiable value meets the following threshold for a: - Principal place of residence concession (dutiable value up to $550,000), or - First-home buyer duty exemption (dutiable value up to $600,000), or - First-home buyer duty concession (dutiable value above $600,00 and up to $750,000) For more information about off the plan concession, contact our office today !

06.01.2022 Own a property or more? If so, you may have to pay land tax to the State Revenue Office. Land tax is dependent on what type of land you own, what it is used for and its total value. You may have to pay land tax on the following properties you own by yourself or with others in Victoria:... - Rental / investment properties; - Commercial properties such as retail shops, office premises and factories; - Holiday homes; - Vacant land; and - Any other non-exempt land Land tax does not apply to exempt land and the following common exemption applies for: - Your home, living as your principal place of residence; - Your farm, as primary production land; and - All land/s you own if the total site value is under the threshold of $250,000.00. If you require more information click on the following link to the State Revenue Office website, or call our office today ! http://www.sro.vic.gov.au/land-tax

06.01.2022 Do I need to apply for the FIRB approval? If you are a foreign non-resident, you need to apply for foreign investment approval before purchasing a residential property in Australia. Foreign non-residents are individuals that do not ordinarily reside in Australia (except Australian citizens), including temporary visa holders. The definition has broadened to include corporations, trustees and partners that are considered as a foreign person under Australias foreign investment... rules. Below is an example from the Australian Government Foreign Investment Review Board website: Three brothers establish a company in Australia with the intention of redeveloping property. Each brother holds an equal share of the company. One brother is an Australian citizen, one is an Australian permanent resident, and one is not ordinarily resident in Australia and is not an Australian citizen. The company is a foreign person for the purposes of Australias foreign investment framework because an individual who is not ordinarily resident in Australia and who is not an Australian citizen holds a substantial interest in the company (that is, an interest of at least 20 per cent). The company therefore needs to apply for and receive approval for any proposed purchase of residential land. For more examples and information, please visit FIRB website: http://firb.gov.au/resources/guidance/gn03/. Please contact us if you have any inquiries, our team members are always here to help!

05.01.2022 About Us HL Conveyancing Services is a Licensed Conveyancing firm, servicing the State of Victoria. We are located on Collins street, Melbourne. Mission We aim to provide good service and sound advice to clients on all conveyancing matters in a professional manner, that conveniences you. ... Professional Team We handle your case with care to every detail and simplify the conveyancing process for all our clients. We make this possible because we have a team that is highly qualified, professional and experienced. Efficiency We understand how time-sensitive property transactions are and will be in regular contact with you providing updates on the progress of your transaction. Youll never miss out on a sale or a good deal due to a lag on our behalf. Client-driven We recognise you as the most important person in the process. Your satisfaction is our primary mission. We strive to deliver transparent services, while ensuring absolute confidentiality. Multi-disciplined services We also teamed up with Lawyer David L Vlahos from David & Co Lawyers to ensure that your legal matters can be dealt with efficiently and thoroughly, all whilst in the same location. Let us help you with your next move. Contact us for your personalized consultation via: 03 9614 4168; [email protected]; WeChat: hl-legal; Our team member will contact you as soon as possible

04.01.2022 Do I need to apply for a CGT certificate? As a vendor, if your property has a market value of $750,000 or more and you are an Australian resident, you need to present the purchaser with a capital gain withholding clearance certificate on or before the settlement day. A clearance certificate confirms the withholding tax is not applicable to the sale of property. Otherwise, the purchaser is obliged to withhold 12.5% of the purchase price and remit the amount to the Australian T...axation Office. When to apply? The granting of the clearance certificate can take up to 28 business days. Therefore, to avoid unanticipated delay of settlement, the vendor should complete and lodge the application form as early as practical after entering a contract of sale. How to apply? The application form must be completed and submitted in one session on the Australian Taxation Office website. You cannot save and return to the incomplete form. The CGT certificate application will require specific information based on the information you provide. Detailed application instructions are available on the ATO website: https://www.ato.gov.au//capital-gains-withholding-clearan/. If you have any further inquiries, please contact our office. Our team members are always here to help!

04.01.2022 Purchased a property? Plan to live in the property as your home? You may be eligible to apply for Principal Place of Residence (PPR) Concession. The PPR concession is available for all buyers when:... - the property is valued up to $550,000.00. - the property is intended to be used as your primary place of residence within 12 months of becoming the owner of the property. - you live in the property for a continuous period of at least 12 months. For more information about PPR contact our office today !

01.01.2022 What is a caveat? The word caveat means beware, and the lodging of a caveat over a property is a way telling anyone who wants to deal with the property to be aware of the fact that someone elses interest already has priority. In other words, a caveat is a written warning to anyone who checks the Certificate of Title of the property that the person who lodged the caveat (known as the caveator) has an interest in it. The Registrar of Titles cannot deal with the property with...out first notifying the caveator. What is the benefit of obtaining a caveat? As a purchaser, when you sign the contract of sale, you obtain an interest in the property. However, you are not able to register your interest under the Torrens system of land ownership until the settlement is completed. A common caveat under s 89 of the Transfer of Land Act 1958 helps protect your interest against any improper dealings by providing notice. You, as the caveator can issue a proceeding within 30 days of the notice to protect your interest. What are the risks of not lodging a caveat? The risk in any particular case depends on the individual circumstances. Here are some examples of problems that could be dealt with by lodging a caveat: Two offers are received for the one property, and the vendor mistakenly accepts both. The purchaser who lodges a caveat first is likely to become the owner of the property, while the other may have to be satisfied with compensation for any loss suffered as a consequence of the mistake. A creditor of the vendor discovers that the property has been sold and lodges a caveat to prevent the purchaser from registering a Transfer of Land. This could have been prevented if the purchaser had lodged a caveat immediately after the sale. More information on caveat can be found on the Victoria State Government website: https://www.propertyandlandtitles.vic.gov.au//caveats-cove If you have more inquiries, please feel free to contact us. Our team members are always here to help!