Balben Property Transfers - Ballarat Conveyancing, Property Transfer of Ownership, First Home Owners applications

Do Conveyancers need to be Licensed?

As of 1 July 2008, any person practicing as a Conveyancer in Victoria, who is not an Australian Legal Practitioner, must be licensed to continue to conduct...

Do Conveyancers have Trust Accounts?

Under the Conveyancers Act 2006, Licensed Conveyancers can hold in a general trust account which is designed to only be used for the purpose of holding mon...

If I have an investment property can I claim Depreciation and How?

If you have an investment property, it can be depreciated. Think of it as ‘wear and tear'. Houses, units and commercial properties all qualify. Even ...

What are Disbursements?

Disbursements include any monies that are paid out by Balben Property Transfers in connection with the selling or purchasing of a property. They comprise m...

What are Adjustments?

Rate Adjustments relate to the transferring of rates paid or unpaid until settlement to the appropriate people. This means that all rates and taxes on the ...

What is Finance Approval?

In many cases when purchasing a property, the purchaser will not yet have the appropriate funds to pay for the property at the time when the contracts are ...

When is payment due for Stamp Duty and Registration fees?

If you are intending to purchase a property through the use of finance from a bank or other lending institution, then the payment of Stamp Duty and Registr...

Do I Qualify for Stamp Duty Benefits?

Whether or not a purchaser qualifies for Stamp Duty Benefits, or even complete exemption, depends on the conditions of the purchase. You may qualify for St...

What is Settlement?

Settlement refers to the date upon which the transferral of all monies and documents pertaining to the property are transferred, including the title and th...

Where and when do I get the keys?

In most cases the agent responsible for selling the property will keep the keys, and will pass them onto the purchaser once settlement has occurred and hav...

What is Old Law?

The transferring of land is now governed by what is known as the: Torrens System. But properties which have not been bought or sold within the time when th...

What are Covenants and Easements?

Covenant A covenant is contractual agreement, creating an obligation to the proprietor of the land to which the covenant is attached, and is passed down w...

What are Caveats?

A caveat is a document lodged at the Land Titles Office to protect the rights of a person who claims to have an interest in the land. The caveat itself doe...

What is Common Property?

Common Property refers to the land which can be accessed by all others living under the one strata title or body corporate or all others living within the ...

What is an Owners Corporation?

An Owners Corporation is responsible for managing any common property which exists between two or more properties. Whenever a plan of subdivision creates c...

New Building Works including Owner-Builder Works.

Vendors are required to give details of any building approvals, permits and insurance (if applicable) issued in the last seven (7) years. In some circumsta...

Swimming pools, Spas and other bodies of water.

Under the Building Regulations all new and existing swimming pools, spas or other bodies of water of more than 300mm in depth (including those constructed ...