Growth Area Infrastructure Contribution (GAIC): How does this impact you?
What is GAIC? GAIC was established to help provide infrastructure in Melbourne’s expanding fringe suburbs. This is a once-off contribution payable on certain events, that are usually associated with urban property developments, such as buying, subdividing, and applying for a building permit on large blocks of land. Note that not all GAIC events will result […]
Vendor Checklist | What to include in your Section 32
As a seller, you must provide a Section 32 when selling your property. A list of disclosure requirements exists under the Sale of Land Act (VIC). Rather than bore you with all of them, see below for what is commonly required: Getting your disclosure right is crucial to avoid preparing a defective Section 32. What […]
Purchaser’s Must-Haves: Special Conditions
As a bare minimum, you should include these three (3) clauses in your offer to purchase. This includes: There will also be special conditions introduced by the seller in their contract. Unsure what to look out for? Book in a time with Legalled, and let us look over this for you.