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settlement agency in WA

At What Point Do You Need To Choose A Conveyancer?

Conveyancer

When it comes to the buying or selling of a property, there may arise the need to appoint a conveyancer. This is because a conveyancer can provide you with real estate settlement services, like advice and information, prepare documentation, and help you through the settlement process. It is important that the conveyancer is licensed to work for you. What is conveyancing? Conveyancing is the legal process of transferring the title of real estate or land from one person or entity to the new owner. The transfer of property to a new owner typically consists of the following: • Entering into…

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What is GST Withholding? How Does It Impact Buying/Selling?

GST withholding Impacts Buying Selling

In the traditional property conveyancing process, be it in Perth or any other area in Australia, the property developers have in the past, shied away from paying the Goods and Services Tax (GST) to the government. However, with eConveyancing becoming the norm, the federal government seeks to put an end to this practice by enacting the policy of GST withholding. Announced in the federal budget of May 2017, the policy of GST withholding aims at ensuring compliance of GST rates by the property dealers, purchasers or settlement agents in Mandurah and other places while selling/purchasing properties. According to this policy,…

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