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Fast facts

Q:   Is there a transfer duty concession in Queensland for Buyers purchasing a property as their home? A:   Yes! In Queensland, a Buyer can claim a concession for transfer duty when acquiring a property as their home.   The "Home Concession" rate applies to the first $350,000.00...

Under the Body Corporate and Community Management Act 1997 (Qld) there are certain implied warranties that the Seller is deemed to have given to a Buyer. If there are matters that should have been disclosed that are not, then the Buyer may have a right to...

Under an "Off the Plan Contract," the Lot does not exist at the time of Contract therefore the Standard ADL or REIQ Contract is not suitable for use when selling the Lot. A specialized "Off the Plan" type of Contract is the most appropriate type...

If a Seller lives overseas for a period of more than 6 months in a year and sells their property during that time they may not be able to claim the Capital Gains Tax 'main residence' exemption on the disposal of the property even if...

Revised registry fees with the Department of Natural Resources and Mines will take effect from 1 August 2020. The current fee structure will remain in place until 31 July 2020. We want to assure everyone that here at Ownit Conveyancing we are ‘business as usual’ and...

Q:    Are there any differences between the standard REIQ and ADL Contracts?A:     Yes. The standard terms of each of these Contracts are different in many respects. Both versions of Contracts are used in Queensland and it is important to consider which type of contract has...

Q: Is the Home Builder Grant taxed?A:     No. The Home Builder Grant is a tax-free payment.     We want to assure everyone that here at Ownit Conveyancing we are ‘business as usual’ and that we will always here to help. We are here to help. Please contact...

Recently the Federal Government announced the Home Builder Scheme which will be a $25,000.00 cash grant for Contracts entered into between 4 June and December 31 and there are certain criterias that must be met to be eligible, it includes the following below: the work must...