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Jordan from Trinity Legal and Migration uncovers the hidden legal complexities in property contracts that can trap unwary buyers and cost them thousands.

• Special conditions in contracts often favor vendors with higher default interest rates and early deposit releases
• The 66W certificate in NSW removes cooling-off periods and protective clauses, creating significant risk for buyers
• Sunset clauses in off-the-plan purchases can be weaponized by developers to terminate contracts when property values increase
• Settlement periods carry different risks – too short creates financing pressure, too long exposes buyers to changing market conditions
• Trust and SMSF purchases involve complex structures requiring specialized legal knowledge
• Co-ownership arrangements need careful consideration as disputes commonly arise when one party wants to sell before the other
• Property deal collapses can sometimes be salvaged through price negotiations rather than termination
• Different ownership percentages between spouses can have significant tax implications
• Having responsive, proactive legal representation is essential as successful transactions often involve extensive behind-the-scenes work

Contact Jordan at jordan@trinitylegalmigration.com.au or visit trinitylegalmigration.com.au for help reviewing your property contracts.

The Property Calculator Australia App is the must have app for anyone buying property in Australia. PCAU helps you calculate Stamp Duty, Loan Repayments, and upfront costs in seconds.
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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

We've turned on Fan Mail! Send us your questions, feedback, or comments through the link in our show notes - we'd love to hear from you and possibly address your questions in future episodes.

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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

The Property Calculator Australia App is the must have app for anyone buying property in Australia. PCAU helps you calculate Stamp Duty, Loan Repayments, and upfront costs in seconds.
No Ads, No Guesswork - Just clean, powerful property math.

Download Property Calculator Australia now on the App Store or Google Play... And Start Crunching those numbers like a pro!

Send us a text

Financial advisor Kyrillos Ghaly (KG) explains how Self-Managed Super Funds work and their unique advantages for property investors. He breaks down the misconceptions, costs, and strategic benefits of SMSFs while highlighting their potential to dramatically increase your property portfolio.

• SMSFs allow investment in "exotic assets" like direct property ownership that retail super funds don't offer
• Setting up an SMSF typically costs over $2,000 with ongoing expenses for compliance, tax returns and financial advice
• Ideal candidates have at least $250,000-$500,000 in combined super balances
• Couples can combine their superannuation in an SMSF, making it more accessible for many Australians
• Properties in SMSFs must be genuine investments - you and family members cannot live in them
• SMSFs require specialized loans called Limited Recourse Borrowing Arrangements (LRBAs)
• Capital gains in an SMSF are taxed at just 10% after 12 months
• When you reach retirement and convert to pension mode, you pay 0% tax on everything
• Setting up requires SMSF-accredited professionals - either financial advisors or accountants
• Regular tax compliance is essential - non-compliant SMSFs face tax rates of 47%

If you'd like to learn more about setting up an SMSF or exploring whether it's right for you, visit Trinity Advice at trinityadvice.com.au or search for KG (Kyrillos Roman) or Joseph Meawad on LinkedIn.

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The Property Calculator Australia App is the must have app for anyone buying property in Australia. PCAU helps you calculate Stamp Duty, Loan Repayments, and upfront costs in seconds.
No Ads, No Guesswork - Just clean, powerful property math.

Download Property Calculator Australia now on the App Store or Google Play... And Start Crunching those numbers like a pro!