What happens when a deposit is more than 10%?
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What happens when a deposit is more than 10%?

In the realm of property transactions, particularly in the residential sector, there's a pivotal threshold to be mindful of: the 10% deposit mark. Surpassing this percentage can trigger a significant legal transformation, shifting the nature of the agreement from a straightforward purchase to what is known as an instalment contract under the purview of the Property Occupations Act.

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Australia’s luxury homes have outperformed the market
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Australia’s luxury homes have outperformed the market

Over the past decade, luxury houses have experienced a far stronger rate of growth than the rest of the market. Median priced houses have increased by 78 per cent. In comparison, houses priced in the top five per cent have doubled. A luxury house has been a good investment over the past decade. Will this strong performance continue?

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Unlocking the Power of Attorney: What Queensland agents need to know
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Unlocking the Power of Attorney: What Queensland agents need to know

Understanding the intricacies of Power of Attorneys (POAs) and their correct usage is vital for real estate agents in Queensland, Australia. By adhering to best practices and seeking legal advice when necessary, you can ensure that real estate transactions involving Power of Attorneys are conducted smoothly and ethically.

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Understanding instalment contracts
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Understanding instalment contracts

When delving into the world of residential property purchases, there are a multitude of intricacies that can significantly affect the legal rights and obligations of both buyers and sellers. One such nuance pertains to the deposit amount and its potential to transform a straightforward property transaction into what is known as an instalment contract. Read more…

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The difference between a fixture and a chattel
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The difference between a fixture and a chattel

If you have signed a contract for the sale, you may have encountered the terms "fixtures" and "chattels," which can be easily confused. To avoid confusion, it is important to understand the difference between these terms.

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Review your Home Insurance ahead of Summer
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Review your Home Insurance ahead of Summer

Insurance can be something that we tend to 'set and forget' however after a year of wild weather events, it's particularly important to ensure that you know what you're covered for, and that you have the correct limits for your property.

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