Conveyancing Blog

Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW


Recent Posts

1 min read

GAZUMPING

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Oct 2, 2020 6:31:21 PM

Gazumping occurs when an agent accepts an offer you make to buy a property at an agreed price but the property is sold to a third party. This usually occurs when there is a higher offer. 

Continue Reading
1 min read

What is the difference between a Conveyancer and a Solicitor?

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Sep 18, 2020 7:46:53 AM

When buying or selling a property, the Conveyancing stage is one of the most crucial parts of the process. It is where all financial, administrative and legal works converge.

A Conveyancer is someone who is specifically qualified to work with the transfer of real estate. They give professional legal advice on title transfers and conduct official legal work to ensure the purchase/sale runs smoothly.

A Solicitor is known to be a more general legal practitioner who also have the specialist knowledge required to handle the transfer of property.

Conveyancers will have a stronger working knowledge of the rules and regulations in the State it is taking place in when it comes to Conveyancing because this is their specific area of expertise.

Conveyancers have an extensive amount of knowledge in this field it is rare that an issue will arise that a Conveyancer cannot solve.

Continue Reading
1 min read

Sydney property market bounces back

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Aug 12, 2020 8:21:37 PM

While housing prices in most capital cities have declined a little since May, the rising equity market meant household wealth remained largely unchanged, despite the deep recession caused by the coronavirus pandemic. Figures released by CoreLogic have shown that Sydney has fallen by 0.8 per cent, while nationally, capitals have fallen by just 0.7 per cent throughout the COVID-19 crisis.

While the Reserve Bank noted in its latest meeting that conditions in the established housing market “remained mixed”, pointing to recent falls in dwelling values across Australia’s capital cities.

“Housing prices in some larger cities had declined in June, though we’re only a little below recent peaks in the case of Sydney and Melbourne,” the RBA noted.

“Housing prices in a number of smaller cities were broadly unchanged.” REA chief economist Nerida Conisbee said suburbs with prices over $1 million have remained stable during the coronavirus pandemic due to the strong momentum of the past year.

Fifteen suburbs across Sydney have crossed the $1 million median price barrier for the first time.

The suburbs, located predominantly in Hornsby Shire, The Hills and Sutherland Shire, saw their median house price surge in the 12 months to June, thanks to record-low interest rates fuelling the market.

Realestate.com.au data showed Bexley in the city’s south had the strongest growth of the new entrants, with prices growing $266,000 to $1.251 million. Neighbouring Bayside suburb Arncliffe also surpassed $1 million. However, Sydney’s property market is going backwards for the first time since early 2019, with new data revealing house prices have fallen 2 per cent over the past three months. Northmead was the sole Parramatta suburb to break $1 million, with the median house price now $1.01 million. Jannali, Menai and Yarrawarrah from Sutherland Shire along with Belmore and Picnic Point from the Canterbury-Bankstown area also saw house values surpass $1 million.

Continue Reading
1 min read

Stamp duty change for First Home Buyers starting 1 August 2020

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 27, 2020 10:52:56 AM

NSW government has abolished stamp duty for First-Home buyers to give relief to to support the economy amid the Covid-19 pandemic.

Continue Reading
1 min read

Bushfire Impact on Property Price

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 13, 2020 5:45:12 PM

Property price can fluctuate with impact of Bushfire in any given area.

Continue Reading
1 min read

What is the difference between chattel and fixture?

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 7, 2020 1:18:25 PM

Chattels

An object that can be removed without damage to the property or it doesn't require a tool to be removed. If it is easy to disconnect for example a refrigerator or a stove that is connected by only  a power cord, then it is likely to be chattel.

Continue Reading
1 min read

Government supporting First Home Buyers

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 7, 2020 10:22:09 AM

NSW Government has developed a brand new package to help and improve affordability of housing.

Continue Reading
2 min read

Home builder grant of $25,000

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jul 3, 2020 12:59:49 PM

The Federal Government has unveiled its HomeBuilder package,home owners to apply for a tax-free grant of $25,000 if they are spending between $150,000 and $750,000 renovating a home or building a new home — but the eligibility criteria are reasonably tight.

Continue Reading
1 min read

New requirements for off-the-plan contracts from 1 December 2019

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Jan 19, 2020 12:01:07 PM

An off-the-plan contract is defined to mean a contract for the sale of a residential lot that has not been created at the time the contract is entered.

Continue Reading
2 min read

No Festive Interest Rate Cheer

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Dec 3, 2019 5:43:06 PM

As expected by the majority of commentators, the RBA today decided to leave the cash rate at its current record low of 0.75%, this despite many economists pushing for yet another cut, as weak consumer spending and stagnant wage growth continues to keep a lid on business investment, jobs numbers, and inflation. In stark contrast to these economic indicators, the national property index experienced its biggest jump in 16 years over the past month.

In his announcement today, Reserve Bank Governor Philip Lowe stated –


The outlook for the global economy remains reasonable. While the risks are still tilted to the downside, some of these risks have lessened recently.

...

After a soft patch in the second half of last year, the Australian economy appears to have reached a gentle turning point. The central scenario is for growth to pick up gradually to around 3 per cent in 2021.

...

There are further signs of a turnaround in established housing markets. This is especially so in Sydney and Melbourne, but prices in some other markets have also increased recently. In contrast, new dwelling activity is still declining and growth in housing credit remains low.


...

The easing of monetary policy this year is supporting employment and income growth in Australia and a return of inflation to the medium-term target range. The lower cash rate has put downward pressure on the exchange rate, which is supporting activity across a range of industries.

...

Given these effects of lower interest rates and the long and variable lags in the transmission of monetary policy, the Board decided to hold the cash rate steady at this meeting while it continues to monitor developments, including in the labour market. The Board also agreed that due to both global and domestic factors, it was reasonable to expect that an extended period of low interest rates will be required in Australia to reach full employment and achieve the inflation target. The Board is prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time.




To read the full statement, go to https://www.rba.gov.au/media-releases/2019/mr-19-33.html

Continue Reading

Featured