Conveyancing

OUR GOALS

Our goal is to provide you with professional advice based on our comprehensive reviews of contracts for the sale or purchase of your property at a fair and competitive price. We always try our best to provide you with the most reliable, courteous and approachable services. Our clear process ensures that we are with you at every stage of your transaction.

OUR SERVICES IN CONVEYANCING

We are able to assist you with:

  • Sale and purchase of residential properties such as houses, apartments, townhouses
  • Sale and purchase of commercial properties such as includes business premises, offices, warehouses
  • Sale and purchase of vacant land properties
  • Applying for First Home Buyer Assistance scheme and First Home Owners Grant (New Homes) scheme
  • Transferring of property between husband and wife and other close family relationships
  • Obtaining Foreign Investment Review Board (FIRB) approvals for non-residents

PROPERTY PURCHASE

Buying a property is one of the biggest decisions you may make in your life, and it can be very challenging. Before making any offers for a residential or commercial property, you must very carefully double-check its legal documents and contract of sale. On every step you take in property purchase, our conveyancing team has the responsibility to assist you with the preparation of all the legal documents needed in your property transaction, in order to ensure that the property is rightfully and legally transferred to your name.

Our team has closed hundreds of business deals for our clients. Our top priority is ensuring that there are no risks or potential losses during and after the business purchasing process.

There are numerous risk factors and issues that can go wrong in every property purchase transaction. To minimise your risk, we offer free pre-exchange services to:

  • Check that your contract is in order, including GST issues, title particulars, zoning certificate, drainage, and any other special condition requirements.
  • Order building and pest reports.
  • Order strata report for units and apartments.
  • Organise Local Council Building Certificate.

Prior to the exchange of contract, we make every effort to ensure that you are fully organised, that any loan you decide to take out has been well planned and that you fully understand your contract and search enquiries as indicated above.

To avoid being gazumped when another purchaser buys your property, we can arrange the exchange of contract with a 5-day cooling-off period. This period allows you sufficient time to organise your pre-exchange search reports and also your loan. Please note that in such cases, if you do not desire to proceed with the contract within the 5 working days after the exchange of contract, you would be liable to pay the Vendor a penalty of 0.25% of the purchase price.

In the purchase of property, we pay close attention to negotiate special conditions, request title requisitions, and conduct post-exchange searches on the government interests in the land. In addition, our conveyancer will also organise stamp duty payment, prepare transfer documents, and arrange the settlement with you and your Lender. We always provide our clients with comprehensive legal advice on the property purchase, so the transaction could be the best deal for you.

Without professional legal assistance, there are a lot of things that may go wrong and turn sour on what is possibly one of the biggest investments in your life. At Vinh Duong & Associates, we can advise you on every legal matter related to property purchase, including but not limited to the contract, pest reports, building and strata reports, illegal building structures, right-of-way, easements, covenants, and much more. We are here to protect you and your property!

Loan Documents – If required, we can also advise you on mortgage documents and guarantee documents.

Off-the-plan Purchase – When buying off-the-plan property, we recommend that you should not settle until the Vendor is able to provide you with an occupation certificate. Additional checks are required on registration of the Strata Plan to ensure that the property complies with the Schedule of Finishes in the contract, as well as the size and location in the draft Strata Plan. We also recommend that you obtain a depreciation schedule so that you also have tax deduction benefits on your purchase.

GST – We suggest that you should seek financial advice from your Accountant for every GST liable property. Through this process, you will be able to confirm your GST liability and the best way to structure your property purchase so that you can claim your GST payment back from the Australian Taxation Office.

First Home Owner Scheme – We also assist you with your First Home Owner Scheme application at no cost if your local bank is not able to organise this for you.

SUMMARY

Purchasing a property is indeed not a simple task. There are plenty of factors that purchasers need to consider and negotiate before signing any contracts. Therefore, with our professional legal assistance, you and your property will be legally protected and able to get the best out of any transactions.

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