The service I received from LEAD Conveyancing, and in particular our conveyancer Sherry, was spectacular and I cannot rate them higher.They answered all my novice questions and their documents with recommendations are easy to understand and have helped us immensely... read more
Your offer for the property has just been accepted. The agent sends you a copy of the Contract of Sale and Section 32. So what's next?
You will need to have that contract and Section 32 review for you before you sign or move forward. With that, you will need to find a reputable legal representation and conveyancing service. But what should you really look for in a firm? Here's a checklist you may want to start working with.
There are firms, especially big law firms, who still charge by the hour or per call. This will be too expensive and unnecessary. Nowadays, you can already get a lawyer or solicitor that offers their services at a fixed price. Next, when you ask for a quote, you should expect one with a complete breakdown of all costs involved and all figures you'll be seeing in your invoice. There are some who will entice you with a seemingly competitive price but will not tell you about other costs until they send you the bill. Lastly, going with a property lawyer or solicitor is always worth the extra buck. A conveyancer may be cheaper by a couple of hundred dollars but won't give you that peace of mind.
Once the Contract of Sale and Section 32 is in your hands, and you have decided on a solicitor who will do your conveyancing, the next thing you have to do is to get those two documents reviewed. Your solicitor should scrutinize every detail and let you know if it's good to sign.
You'll be able to tell that you have gone with the right firm if they treat this as a very crucial step. Extra care is taken because it's like a doctor giving you a diagnosis. Once they give you the go signal, you're sure it's safe for you to proceed with the purchase. If there's anything in the contract that would pose a risk for you as the buyer, it will be clearly stated in the report they send you. If you need some clarifications and you want to discuss with your assigned lawyer, they'll gladly spend time with you on the phone explaining everything you need to know. From that point, you will now decide if you still want to buy the property or not. If you want to make some amendments to the contract, your solicitor will provide proper wording and communicate with the other side.
At LEAD Conveyancing Melbourne, this is precisely what you get - on point property lawyer service. Our team consists of well-seasoned top-notch solicitors who know the ins and outs of the business. Protecting your interest is our main concern. When you get our services, you can surely sleep at night worry-free.
A lot of people are still scared of getting a solicitor or lawyer. Some will say, “I don't need a lawyer. I just want a conveyancer.”
That's because people still think lawyers are expensive. It is still actually true for some. I've seen some lawyers who would charge $450 an hour! But the reality is, you just have to know what you should look for. There are reputable law firms that provide legal services for reasonable prices. LEAD Conveyancing Melbourne has one of the most competitive prices in the market. And here's how we did it.
All these points that we've applied into our business model have enabled us to reduce massive costs in our business and thus, we were able to provide our legal services at almost unbelievable and very competitive prices.
You may ask, “Do I really need to spend an extra 100-200 dollars for a solicitor? Will a conveyancer not do the job for me.”
The answer to that is yes and yes. Yes, a property solicitor or property lawyer is worth the extra 100-200 dollars difference. And yes, a conveyancer will be able to do the job for you. But here are some points you should remember.
A conveyancer cannot review your contract the way a lawyer can and will. Most conveyancers would either check if it's a straightforward contract with no special conditions, then they'll give you the “go ahead”. If it's a complicated contract and you need to make amendments and re-negotiate, a conveyancer won't be able to do that for you. They will also not be able to defend you legally and some will even tell you they have a team of lawyers but they actually just outsource to a law firm if the need arises. That's when huge bills and problems start.
So unless you want to save as much as about 200 dollars but make that gamble of getting potential headaches down the road, it's better to get a well-seasoned, experienced and reputable property lawyer.
Melbourne is the capital and the most populous city of Victoria and also the second-most-populous city in Australia. It has a temperate marine climate with warm to hot summers and cool but not cold winters. Due to its location on the boundary of hot inland areas as well as the cool southern ocean, Melbourne has been known for its changeable weather conditions. This temperature difference is most noticeable in the spring and summer months and can cause strong cold fronts to form. These cold fronts can cause different forms of severe weather ranging from gales to thunderstorms and hail, huge temperature drops and heavy rain. Winters are usually very stable, however, but rather damp and most of the time cloudy.
Melbourne is also susceptible to isolated convective rains forming when a cold pool crosses the state, especially when there is substantial daytime heating. These rains are mostly heavy and may include squails, hail, and serious drops in temperature, but they often finish very quickly with a swift clearing trend to sunny and moderately calm weather and the temperature going back to what it was before the shower. This can happen in a span of minutes and can be repeated several times a day, making Melbourne known for having “four seasons in one day”, a phrase that is part of local culture. The lowest temperature recorded is -2.8 degrees Celsius on the 21st of July 1869 while the highest temperature on record was 46.4 degrees Celsius on the 7th of February 2009. While snow is every so often seen at higher elevations in the edges of the city, it has not been on record in the Central Business District since 1986.
Since the mid-1990s, Melbourne has kept a notable growth in population and employment. There has been considerable international investment in the city's business and property market. Major inner-city re-establishment has occurred in several areas like Melbourne Docklands, Southbank, Port Melbourne, and more recently, South Wharf. Melbourne kept the highest population increase and economic development rate of any capital city of Australia from 2001 to 2004. Since 2006, the growth of the city has expanded into the “green wedges” and past the city's urban growth boundary. Melbourne was also less affected by the late-2000's financial crisis compared to other cities in Australia. Today, more fresh jobs are created in Melbourne than any other city in Australia - almost the same number as the next two fastest-growing cities, Perth and Brisbane, combined. Melbourne's property market also remained highly-priced, which resulted in historically high property prices and extensive rent increases. In 2020, Melbourne was listed as an Alpha city by the Globalization and World Cities Research Network.
Melbourne has less public housing and huge demand for rental housing, which has become unaffordable for some. Public housing is commonly provided by the Housing Commission of Victoria and operates inside the framework of the Commonwealth-State Housing Agreement, by which state and federal governments provide funding for housing. Melbourne is also going through high population growth, which generates high demand for housing. This boom in housing has increased house rents and prices, as well as the availability of all types of housing. Subdivision commonly occurs in the outskirts of Melbourne, with several developers offering house and land packages. After the release of Melbourne 2030 in 2002, however, planning policies have motivated medium-density and high-density growth in existing areas with better access to public transport and other services. The middle and outer-ring suburbs of Melbourne have seen notable brownfield land development.
Melbourne is also home to many of the best-known landmarks in Australia, such as the World Heritage-listed Royal Exhibition Building, the National Gallery of Victoria, and the Melbourne Cricket Ground. Being famous for its cultural heritage, the city gave growth to Australian cinema, Australian impressionism, and to Australian rules football. More recently, it has also been recognised as a UNESCO City of Literature and a worldwide centre for live music, street art, and theatre.
Even if the Melbourne housing market went down again over the spring of 2020 due to the effects of severe lockdown, it managed to bounce back aggressively over the final months of the year as shutdown restrictions were cleared. The city was one of the strongest performing markets across the nation all throughout February with a record of a 2.1 per cent increase in home values over the month.
While both unit and house values are increasing across Melbourne, unit values are continually being outpaced by the growth of houses over the month. The detached housing market increased by 2.4 per cent while units showed a growth of 1.2 per cent. Melbourne topped all other capital cities in statistics of quarterly growth with dwelling prices up by 3.5 per cent and house prices higher by 4.2 per cent over the last three months compared with a 1.9 per cent increase in unit prices.