Protect your property from more than just the storms

Storm season has well and truly arrived in Queensland, and insurers are urging people to send in their insurance claims as soon as possible in order to arrange any assessments and repairs.

Multiple super-cell storms have brought with it heavy rain, wind and hail causing damage to vehicles and properties, although it is too early yet to estimate the cost of the storm damage.

If you are planning on buying properties during this period, we suggest you exercise extra caution.  With regard to the Queensland conveyancing process, to ensure that all legalities are in order, we recommend using a qualified Queensland conveyancer as they have all the essential safeguards in place to protect you from any problems during the transfer process. Bear in mind that conveyancing laws differ between states, and only solicitors registered in Queensland are allowed to practice in this state.

It is a standard practice for contracts of sale for property in Queensland to have conditions regarding the state of the building and potential pests. Buyers are able to hire qualified property and pest inspectors to attend the property and deliver written reports. Given the recent storms and those inevitably coming, there is an increased likelihood of structural damages caused by the heavy rains, and it would be wise to check if your property is affected by this.

If the reports reveal any such things, buyers can liaise with their surveyor and solicitor on the best way to proceed with the transaction.

Here are some recommendations that, as a buyer, you should consider during this process:

  • You are present during the property inspections in order to give you a better idea as to the state of the property and potential issues that could arise.
  • Arrange the inspections well in advance of the due dates, so as to allow time to produce the reports and for negotiations.
  • Always keep your conveyancer in the loop, and give them a lot of notice if you wish for them to negotiate on your behalf.

If you would like help or more information on the conveyancing process, feel free to contact us at MYG Legal and we will be happy to assist you.

 

 

 

 

Australia Bureau

Interstate Migration & Property Prices

The latest information in from the Australian Bureau of Statistics show that over the 2015/16 Financial Year the net internal arrival to the Gold Coast was 6,426 people. This is now the highest number ever recorded up 39.4% higher since last year. Without diversifying too much, that of the top 25 regions for migration growth in Australia, 13 were located in areas either adjacent or close to capital cities, but where there was a mix of sea change locations.

Fully supporting the strong price rises being recorded across many towns and cities of Australia’s coastal and hinterland regions, and of course especially in close to a capital city. Conversely, it is interesting to note that the areas of Australia that are seeing the strongest migration away from them are generally within our 5 major capital cities and predominately because of the high cost of living in those areas.

Well, the above certainly does suggest for those of us who live here on the Gold Coast that we are very, very lucky; one of the five best climates in the world, a robust local economy, and with something really exciting to look forward to as we head towards the April 2018 Commonwealth Games.

I guess it is not just us who are identifying that as we see yet again Australians from all over the nation choosing to migrate to this great city more than any other location in the country. It is a pretty strong endorsement and good for Australia as a nation.

Original Source:  rwsp.net

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