Purchasing Property

 

 

PRIALA LEGAL IS PEXA CERTIFIED!!!

Here at Priala Legal we understand how important it is to provide the best service possible to our clients. We have been registered users of PEXA for some time now and have recently become certified. This means we are recognised as being extremely proficient in the use of PEXA ...

Posted By Despina Priala
1st June 2020
Duration : 1 Minute Read
Views : 52
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 ...

Posted By Despina Priala
1st June 2020
Duration : 1 Minute Read
Views : 28
Buying off the Plan on the Gold Coast - still alive and well!

Buying Off the Plan during COVID-19 - Property market still alive and well!

According to the Gold Coast Bulletin there is still an off the plan sales boom. My contribution...a brief but important message at the end of the article in the Gold Coast Bulletin, reminding people that even in current times, COVID-19 does not prevent people from entering into ...

Posted By Despina Priala
1st June 2020
Duration : 1 Minute Read
Views : 24

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, ...

Posted By Despina Priala
28th February 2019
Duration : 5 Minute Read
Views : 2051

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 ...

Posted By Despina Priala
24th July 2018
Duration : 6 Minute Read
Views : 2013

What do you need to know before you sign a building contract?

Some fantastic tips and insight into building and renovating contracts published on Undercover Architect. Please follow the link below to view more info and listen to the podcast we participated in with Undercover Architects in 2018. Listen To Podcast

Posted By Despina Priala
17th July 2018
Duration : 1 Minute Read
Views : 1901

Agents Liability for Misrepresentation

Real estate agents beware!!! A recent case in the Qld Supreme Court has determined that a real estate agent was liable for statements made to a purchaser1. The statements made included both verbal and written representations by the selling agent prior to a contract of sale being ...

Posted By Despina Priala
19th May 2017
Duration : 4 Minute Read
Views : 1757

Buying off the Plan

A Plain English Guide to Buying off the Plan Why buy off the Plan? Buying "off the plan" can lock in your purchase price early. Intro: Buying "off the plan" has become quite popular in recent years, both for investors and owner occupiers. There are advantages both for the ...

Posted By Despina Priala
16th April 2014
Duration : 1 Minute Read
Views : 1434

Common Traps Real Estate Agents Employ Through Clauses and Conditions About Inspections

Despina Priala explains some of the common issues that creep into contracts of sale for properties Question: I was recently warned by a friend that when real estate agents draw up contracts for properties they will often water down a buyer’s normal rights with special ...

Posted By Despina Priala
8th October 2013
Duration : 3 Minute Read
Views : 1460

What happens when a seller dies before closing

Despina Priala explains what options are available to a buyer if the seller dies prior to closing. Question: A week before we were set to settle on a residential investment property, I got a phone call from our solicitor saying that the seller had passed away and so the settlement ...

Posted By Despina Priala
5th March 2012
Duration : 3 Minute Read
Views : 1228

What happens when a seller dies during a transaction?

Where two parties enter into a contract of sale, each party must perform under that contract and carry out certain obligations placed upon them. If either party dies before the sale can be completed, then obviously that party can no longer perform under such contract. In the ...

Posted By Despina Priala
1st February 2012
Duration : 3 Minute Read
Views : 1236

Buyer's Rights When a Seller Changes Their Mind

Contract obligations What do you do if you enter into a contract of sale as a buyer, and the seller changes their mind in wanting to sell the property to you? Entering into a contract of sale to buy property is a very serious step to take by both buyer and seller. Each party ...

Posted By Despina Priala
7th September 2011
Duration : 5 Minute Read
Views : 1125

Buying Real Estate for Foreign Buyers

A Plain English Guide To | Buying Real Estate for Foreign Buyers Pursuant to the Foreign Acquisitions and Takeovers Act 1975 (Cth) "foreign persons" are required to obtain approval from the Foreign Investment Review Board when wanting to acquire real estate in Australia. View ...

Posted By Despina Priala
1st August 2011
Duration : 1 Minute Read
Views : 1125
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