What Is Stamp Duty?

Stamp duty in Victoria is calculated on the purchase price or the property’s value on the open market (whichever is greater). It is calculated on a sliding scale & starts at 1.4% if the property is valued at $25,000 & rises to 5.5% if the property is valued at or above $960,000.

Should I Wait To Buy?

Over the last few weeks we have continually heard buyers suggesting to us that they are going to pause their search so they can wait for the bottom of the market to buy. Can we suggest that those waiting have missed the train & that has well & truly left the station. Clearance rates at auction have improved & the auctions we regularly attend for our clients have seen multiple bidders & sales selling above vendors reserve price.

Will an Advocate cost me more when buying?

We get asked all the time as to whether an advocate will be an added cost in your property purchase transaction. The answer simply is no it won’t & there is a very simple reason why, because we bring value & experience to the assignment to save you time, money & greatly improve your chances of securing the property you are after.

It would be like doing the building & pest inspection yourself, most people would not have the experience or knowledge to do this. The same applies to doing the conveyancing yourself, there would always be time wasted & mistakes made that can add up very quickly in both wasted time & money.

Why Use An Advocate To Sell?

In 14 years of real estate experience we have seen a number of advocates & worked with many & there were some that we would not work with based on an imbalance of each parties value set, it just wasn’t a good match.

We have taken the best aspects of those experiences & built what we believe to be a truly unique & hard to replicate model. “Why is that?” we hear you ask.