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Property Buying Tips Melbourne Property Market

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When making the decision to buy a property has been made, there are many things that must first be considered before you can start putting in offers / bidding at an auction. Financial Planner Gold Coast All properties being sold in Victoria must be sold with a Section 32 (Vendor Statement) which is a detailed document regarding the property for sale.

Once you have been successful in purchasing a property, you will need to engage a conveyancer / solicitor to handle the settlement of your property. There are many other aspects to consider after the purchase such as using a quantity surveyor to calculate depreciation on all fixtures and fittings should your purchase be an investment, do you need a property manager etc.

“If the property is worth more than?$450,000 (gross value, not after?deduction of mortgage) then you?will only be able to transfer part?of the property to the fund as a?non-concessional contribution.?The balance of the gross value of?the property will need to be?purchased by the fund from you?for full market value, and the?money will need to be actually?paid to you (or in repayment of?your existing mortgage loan).”



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