Capital gains tax (CGT) reduces net proceeds by adding the profit from a property sale to the owner’s assessable income, which is then taxed at their marginal income tax rate. The final liability is influenced by the ownership duration, main residence exemptions, and the specific financial year in which the contract is signed. For many […]
The provided market data does not indicate that conveyancing is cheaper when using a solicitor referred by an agent. Conveyancing fees are separate from real estate agency commissions, although some vendors may find administrative ease in using a recommended legal partner. Choosing a solicitor often comes down to a preference for convenience versus independent oversight.
Percentage fees scale based on the final sale price, whereas fixed fees remain constant regardless of the outcome. In metropolitan Melbourne, percentage commissions average between 1.87% and 2.1% (OpenAgent, WhichRealEstateAgent), though Victorian law requires all fees to be listed as both a percentage and an equivalent dollar amount in the Sales Authority. Choosing between fee
In Victoria, the vendor’s statement – often called a Section 32 – is a comprehensive disclosure document you must provide to potential buyers before selling your property. Preparing this statement, along with costs like land tax clearance and potential loan break fees, are key considerations when planning a sale in 2026. While vendor confidence has
