Ownership and Registration
All property ownership is recorded in the Title Register, maintained by the land authority of each state/territory.
Owners must ensure that title details (name, rights, restrictions) are accurate and up to date.
Financial Obligations
Property owners are responsible for paying council rates and land tax (subject to state-specific exemptions).
Rental income must be declared as taxable income.
Use and Zoning
Any construction, renovation or change of use requires compliance with planning permits and local zoning regulations.
Some areas may have restrictions, such as heritage or environmental protections.
Transfer and Sale
Property transactions must be carried out through a Contract of Sale, usually facilitated by a solicitor or conveyancer.
Buyers are liable for stamp duty and other associated fees.
Foreign buyers require approval from the Foreign Investment Review Board (FIRB).
Protecting Parties’ Rights
Most states provide a cooling-off period (typically 2–5 days) allowing buyers to withdraw under certain conditions.
It is important to check for existing mortgages, encumbrances or disputes before signing any agreement.
👉 In short, effective property management and transactions in Australia require attention to title registration, tax obligations, zoning rules, transaction procedures, and legal approvals. Consulting a qualified property lawyer or conveyancer is strongly recommended to ensure compliance and protect your interests.
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