Knowledge Bank
At Merton Lawyers, understanding starts by arming you with tools and resources
to better navigate your next steps in law and life.
Property Industry Terminology: The Words and Terms that Matter to Your Property Transaction
Common terminology that vendors and purchasers need to know to assist you in your sale or purchase.
Duty is Now Payable on Late Settlement Interest, so what does this mean for Purchasers?
From 1 July 2022, dutiable value will include any late settlement interest resulting from a late settlement or the rescheduling of failed settlement.
Guide to Property Co-ownership: Manner of Holding
When you decide to a purchase a property with somebody else, you will need to consider how your ownership will be registered on the title of that property. That is to say, you will need to elect your manner of holding. The two most common forms of co-ownership are joint tenancy or tenancy in common.
Principal Place of Residence (PPR) Concession on Stamp Duty
Stamp duty is a tax imposed by the state government on the transfer of property that is payable by the purchaser (or transferee) of that property. The amount of stamp duty payable is calculated according to the dutiable value of the property being purchased.
5 Steps to Buying a Property in Victoria
The top 5 things you need to know when preparing to buy a property in Victoria.