Buying a property in Victoria

TNS Conveyancing assists with hundreds of property purchases across Victoria, NSW, and QLD in a year.

We take property purchase from start to finish and assist on issues in relation to:

Once you’ve set your eyes on a property, the seller or their real estate agent will present you with the contract of sale. It will be hard to walk away from a deal once the contract has been signed so you have to fully understand all the risks involved before picking up that pen. TNS Conveyancing can help review and negotiate the terms of sale and other special conditions so you’re sure nothing important has been left out of the contract. Many people overlook negotiating a contract of sale, but it is very important!

Also referred to as a Section 32 statement in Victoria, a disclosure statement includes information on the property. This includes mortgages, covenants, and easements among other things. Our conveyancers can check whether the content of this lengthy and comprehensive are true and correct. Otherwise, you may be able to back out from the sale or commence legal action against the seller.

There are instances when the seller will want to access your deposit prior to settlement. This is possible with a Section 27 early release of deposit under the Sale of Land Act 1962. Our conveyancers can go over the particulars provided by the seller and advise you on the pros and cons of consenting to the release of your deposit under Section 27. Further, we can advise you whether you have the ability to object to the release of deposit.

Are you a foreign person interested in owning a residential property in Australia? We can assist with your application for Foreign Investment Review Board approval with respect to your property purchase. Getting independent legal advice prior to your purchase is important as the application for FIRB approval should be assessed on a case-by-case basis.

Buying a property is already a complex process on its own; add tenants to the picture and it gets more complicated. Generally, if the property you’re buying has existing tenants, you have to honour their existing lease. If it’s a periodic lease, then you (the new landlord) need to provide the tenants with a notice to vacate. Eviction proceedings become trickier if the lease is fixed term.

We review lease agreements and check for any breaches, as well as assist with any bond or security deposit issues.

If your contract of sale includes a right to nominate, then you can add a substitute or another purchaser to the transaction. We can draft the nomination document that must be signed by you and your nominee. This is particularly prevalent and important for off-the-plan properties. Generally, you’re holding a deposit there for a number of years as a contract purchaser. Who will get the interest?

The statement of adjustment sets out how standard rates and levies will be divided between each party and paid upon settlement. These rates which may include water rates, land tax, and council rates are added to or subtracted from the purchase price. We can prepare and review your statement of adjustments towards the end of your conveyancing transaction to ensure the apportionments of the amounts are correct.

We work closely with financiers, real estate agents, and other third parties involved in conveyancing transactions.

Take advantage of our highly personalised and cost-effective conveyancing services. If you need advice and assistance in purchasing a property in Victoria, get in touch with our conveyancers by calling +613 9959 9850 or email us at info@tnsconveyancing.com.au.

Complete cost transparency

All conveyancing fees and charges are provided upfront and in writing. We give you exactly what is and is not included.

How it works

Enquire

Request a free, no-obligation callback and one of our conveyancers will get back to you within 24 hours. Tell us what’s going on with your conveyancing transaction so we can assess your situation and give you a no-obligation quote.

Correspond

If you decide to proceed with us, we will contact you straight away. We will ask for some money in trust and moving forward, our conveyancing team will keep in touch via email and phone throughout the process.

Review

At the end of every transaction, we will ask you whether we have met the high-level conveyancing service you deserve, the same standards to which we aspire. If not, we will work with you to address any shortcomings immediately.

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You don’t have to gamble with your property investment.

TNS Conveyancing can assist you from start to end of the conveyancing process. Free quote. No obligation to hire. Nothing to lose.