1. Finance: Will you need to take out a loan or are you a cash purchaser? Make sure you calculate how much money will be needed – including removalist costs, legal fees etc.
2. Property Enquiries: Make sure you research about the property and its surroundings because there may be plans for development around the area.
3. Stamp Duty: Remember to take into consideration the amount of stamp duty you will be required to pay.
4. Land Tax: If you are not eligible to pay land tax, however there is land tax owing on a property you may be left with having to pay what is outstanding. Query this before entering into a Contract for sale. Furthermore will your subsequent purchase mean that you will be liable to pay land tax in future.
Should you be looking at either buying or selling, please contact us on 9653 9466.