At Nicholas James Lawyers, we understand that navigating property transactions can feel overwhelming. Our experienced property lawyers and conveyancers offer clear, practical legal advice to ensure your transaction is completed promptly and without hassle. We proudly service Moonee Ponds, Sunbury, and surrounding areas in Victoria and NSW.
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Whether you’re dealing with residential conveyancing, commercial leasing, or complex property transactions, our experienced legal team is here to help.
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Our experienced conveyancers in Moonee Ponds & Sunbury manage standard and complex conveyancing transactions from start to finish.
We represent both landlords and tenants in Moonee Ponds & Sunbury, ensuring your interests are protected and lease terms are fully understood.
We handle legal requirements in Moonee Ponds & Sunbury relating to Plans of Subdivision, off-the-plan sales, and associated contracts.
Including Deeds of Variation, Owners Corporation Claims, Adverse Possession, and Licence Agreements in Moonee Ponds & Sunbury.
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What is cooling off?
A purchaser who signs a Contract for the purchase of real estate can terminate the contract within 3 clear business days from the day they signed it.
However, this right does not apply in certain situations:
Note: The “cooling off” period applies only to residential sales, not commercial or industrial properties.
What are the current grants and concessions available to First Home Buyers?
The Victorian Government currently offers the following incentives:
To be eligible for the above stamp duty concession or exemption and First Home Buyer Grant, you must live in your property as your principal place of residence for a continuous period of 12 months, commencing within 12 months of settlement, to maintain your eligibility for the duty exemption or concession. If you buy the property with someone else, at least one of you must satisfy this residency requirement.
The exemption or concession is only available to you once. If you or your partner has received the benefit of this exemption or concession previously, you cannot receive it again.
Should I get pre-approval for a loan before I start looking to buy?
The Victorian Government currently offers the following incentives:
To be eligible for the above stamp duty concession or exemption and First Home Buyer Grant, you must live in your property as your principal place of residence for a continuous period of 12 months, commencing within 12 months of settlement, to maintain your eligibility for the duty exemption or concession. If you buy the property with someone else, at least one of you must satisfy this residency requirement.
The exemption or concession is only available to you once. If you or your partner has received the benefit of this exemption or concession previously, you cannot receive it again.
What is an “off-the-plan” purchase?
Buying “off-the-plan” means purchasing property — such as land or an apartment — that has not yet been built or subdivided. It only exists as a drawing on a proposed plan.
Why buy off-the-plan?
We strongly recommend obtaining legal advice before entering into an off-the-plan contract.
How does the concession work?
You pay duty on the dutiable value of your property. This is usually the price paid for the property or its market value, whichever is greater.
However, when the off-the-plan concession applies, the dutiable value is the contract price minus the cost of construction or refurbishment incurred after the contract date. As this reduces the dutiable value of your property, it also reduces the amount of stamp duty you pay.
Example: An off-the-plan apartment
Vanessa buys an apartment off the plan as her future home for $620,000. She signs the contract before any construction has commenced. The vendor advises Vanessa that $400,000 of the contract price will be spent on constructing her apartment.
This means that the dutiable value of Vanessa’s apartment, after applying the off-the-plan concession, is $220,000 ($620,000 – $400,000).
The off-the-plan concession only applies where the contract price reflects the market value of the property being purchased. If your contract price is less than market value, duty will be assessed on the value of the property at the time you entered the contract.
The off the plan concession is not available to a company or a trustee of a trust buying a property off the plan.
What is a Nomination Sale in Real Estate?
A nomination sale allows a purchaser to nominate another buyer to complete the property transaction, before settlement.
If the original purchaser cannot or does not want to complete the sale, they can:
Legal advice is strongly recommended to ensure the nomination is done correctly and your interests are protected.
Do I need to engage a lawyer before I enter into a Lease?
Yes — always seek legal advice before signing a lease.
While there are standard lease templates (e.g., provided by the Law Institute of Victoria), it’s important to:
Commercial Leases – Who pays for the Landlord’s legal costs?
It depends on the type of lease: