If your parents have offered to sell you their house, an investment property, or even the family farm for a “mates rates” price, it’s worth pausing before you get too excited about the saving. Revenue NSW doesn’t calculate transfer duty…
Auction day has a way of making sensible people do silly things. You’ve watched the campaign for weeks, you’ve told your family this is “the one,” and then the bidding takes off past where you meant to stop. Ten minutes…
If your accountant has asked for a building insurance valuation for a past date, or you’ve had an investment property damaged or destroyed and you’re trying to work out where you stand with the ATO, you’ve probably discovered there isn’t…
Almost every week, someone sits down with their solicitor thinking they’ve found a clean way to help the kids into the market: just sign the house over. No money changes hands, so there’s nothing to tax — right? It’s one…
If you’ve recently separated and you’re trying to work out what your property settlement might look like, there’s a good chance you’ve made the same assumption a lot of people make: that the house gets valued as at the date…
Separating couples working through a property settlement often begin by asking a local real estate agent for an appraisal, just as they might when considering selling their home. Although this can provide an initial indication of value, an agent’s appraisal…
Buying a property is one of the largest financial decisions most people will ever make, yet many buyers enter negotiations relying largely on a real estate agent’s guidance and their own instinct about what the property is worth. An independent…
Transferring a property in New South Wales rarely comes down to a single number on a contract of sale. The moment a transfer falls outside a straightforward, arm’s-length purchase on the open market, Revenue NSW may require a genuine market…
Most property owners assume their building insurance policy already reflects what it would take to rebuild their home or commercial premises. In reality, the sum insured is only reliable when it is based on a proper replacement cost assessment, and…
Canberra property owners face a CGT valuation process that is largely the same as the rest of Australia, with one significant difference: most land in the ACT is held under Crown leasehold rather than freehold title. This affects how properties…
