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Home Builder Grant extended 31 March 2021

Home Builder Grant Extended to 31 March 2021

Fantastic news for first home buyers. Despite much speculation, the Home Builder Grant has been extended to 31 March 2021. Please see link below and give us a call to discuss ...

Despina PrialaPosted By Despina Priala
29th November 2020
Duration : 1 Minute Read
Views : 206
CBA offers lowest fixed interest rate

CBA Business Alliance Partner

Priala Legal is a business alliance partner of the Commonwealth Bank. This means that Priala Legal is able to offer its clients direct access to a specialised home lender to discuss all of your residential home lending needs. The Commonwealth Bank just advised of their lowest ...

Despina PrialaPosted By Despina Priala
17th November 2020
Duration : 1 Minute Read
Views : 232
FIRST HOME BUYERS BEWARE!!!

Beware First Home Buyers!!!

In a recent decision handed down by QCAT a first home buyer has been denied the first home buyer's grant. The full decision of QCAT appears here: http://www.austlii.edu.au/cgi-bin/viewdoc/au/cases/qld/QCAT/2020/231.html The essence of the case comes down to the character ...

Despina PrialaPosted By Despina Priala
10th July 2020
Duration : 2 Minute Read
Views : 368

Homebuilder and Off the Plan

There has been much speculation as to whether the Homebuilder Grant of $25,000 will apply to off the plan purchase contracts where construction has already commenced on site. The information was lacking and it was difficult to provide answers to our clients who have already signed ...

Despina PrialaPosted By Despina Priala
19th June 2020
Duration : 2 Minute Read
Views : 362
Bank's unilateral power removed!

Banks do not hold all the power!

In these harsh times, clients are looking for funding from all different avenues, not just from top tier banks, but also from second tier lending institutions and private lenders. In a recent decision in the Federal Court of Australia, [https://download.asic.gov.au/media/5604855/20200528-asic-v-bendigo-and-adelaide-bank-ltd-2020-fca-716-judgment.pdf] ...

Despina PrialaPosted By Despina Priala
12th June 2020
Duration : 2 Minute Read
Views : 310
Business Partner with CBA - residential loans

Business Partner with Commonwealth Bank of Australia

In these times we are finding our clients are facing real problems with obtaining fundng from those banks which have had their off shore verification centres locked down. CBA is not one of those banks. We are business partners with CBA and can provide you and your clients with ...

Despina PrialaPosted By Despina Priala
1st June 2020
Duration : 1 Minute Read
Views : 232

Additional Foreign Acquirer Duty

Foreign Purchasers Beware! From the 1 October 2016, the Additional Foreign Acquirer Duty commenced in Queensland. AFAD was introduced to ensure foreign acquirers of residential property who benefit from government services and infrastructure also contribute to their delivery, ...

Despina PrialaPosted By Despina Priala
28th February 2019
Duration : 5 Minute Read
Views : 2783

Residential Vacancy Fee for Foreign Buyers

In December 2017, The Australian Government introduced a vacancy fee for foreign owners of residential dwellings. Under the legislation, foreign owners of residential dwellings are required to pay an annual vacancy fee if their dwelling is not residentially occupied or rented ...

Despina PrialaPosted By Despina Priala
24th July 2018
Duration : 6 Minute Read
Views : 2940
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