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Saimon Sami from Trinity Legal and Migration shares essential legal insights for property buyers, emphasizing that solicitors act as "personal bodyguards" through the property purchase journey.

• Solicitors provide comprehensive legal protection compared to conveyancers, who focus only on transfers
• Contract review is crucial for identifying risks like easements, covenants, and special conditions that could impact your purchase
• Every state has different legal requirements - cooling-off periods range from none in WA to five days in NSW
• Settlement processes have modernized from chaotic in-person check exchanges to streamlined 45-minute digital transfers on PEXA
• Building and pest clauses, finance conditions, and settlement dates are three critical contract elements buyers should carefully review
• Stamp duty and land tax regulations vary significantly between states, with Victoria currently having the highest rates
• Working with a coordinated team of professionals (solicitor, buyer's agent, mortgage broker) creates a smoother purchasing experience

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Edit - Land Tax Threshold in Victoria

As of the 2024–2025 financial year, the land tax threshold in Victoria (VIC) is:

✅ Land Tax Threshold (VIC – 2024–25):
Type Threshold General landowners | $50,000
Trusts (special trust rates) | $25,000

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