Our Services
We can prepare and submit all legal paperwork, research the certificate of title, calculate alteration of taxes and rates, and more.
We can act on your behalf in interactions with the buyer and ensure your property transaction is as smooth and stress-free as possible.
We can help with Melbourne property conveyancing services for commercial properties, including retail stores and offices.
We offer valuable assistance for residential property transactions, including houses and apartments.
Mostly banks apply for the FHOG at the time of settlement, so funds can be used as part of deposit.
If you have paid the full stamp duty while purchasing your property and may be eligible for a refund or concession.
Master Key Conveyancing believes in building strong mutual relationships with reputable partners and providing customers with access to a vast array of conveyancing services by qualified and trustworthy professionals having the hands-on experience to assist you in property transactions.
Not only this, we have managed to have strong relationships with the business community, including Real Estate Agents, Mortgage and Investment Brokers, Accountants and Solicitors. Our reputation for sound and practical advice has helped us in making an unmatched industry reputation.
I just wanted to send a few words of thanks and appreciation to the entire team at Master Key. Your level of communication and immediate response has been fantastic. Everything has gone so smoothly and i am happy for that.
Thank you Master Key, for all your hard work on both our properties. We will surely hire you again in the future.
I just wanted to convey a big thank you to Master Key for helping me with my property sale and purchase. Your service was first class and I’ll certainly recommend you to anyone looking for a conveyancing expert.
Stamp Duty – Non Principal place of Residence Rate
For the purchase of any other property (i.e. not Principal place of residence).
Dutiable Value | Duty Threshold | |
---|---|---|
$0 – $25,000 | 1.4 per cent of the dutiable value of the property | |
> $25,000 – $130,000 | $350 plus 2.4 per cent of the dutiable value in excess of $25,000 | |
> $130,000 – $960,000 | $2,870 plus 6 per cent of the dutiable value in excess of $130,000 | |
More than $960,000 | 5.5 per cent of the dutiable value |
Premium Stamp Duty:
From 1 July 2021, the duty payable increase to $110,000 plus 6.5% of the dutiable value of more than $2 million.
Stamp Duty – Foreign Purchaser:
The foreigner buyer duty surcharge is 8%.
Stamp Duty – Principal Place of Residence (PPR) Rate
For the purchase of a home (which will be used as Principal place of residence) for contracts entered into on or after 6 May 2008.
Dutiable Value | Duty Threshold |
---|---|
$0 – $130,000 | The Principal place of residence (PPR) concessional rate does not apply. |
> $130,000 – $440,000 | $2,870 plus 5 per cent of the dutiable value in excess of $130,000 |
> $440,000 – $550,000 | $18,370 plus 6 per cent of the dutiable value in excess of $440,000 |
More than $550,000 | The Principal place of residence (PPR) concessional rate does not apply. |
Stamp Duty – First Home Buyer Concession
VIC abolishes stamp duty for both new and existing properties under $600,000. First home buyers purchasing a property between $600,000 and $750,000 also receive a tapered discount.
If a first home buyer purchases vacant land to build a new home to be their principal place of residence, the home must be built within 12 months for the FHB concessions to apply (choose “Yes” for the Option “Are you first home buyer”). If the buyer takes more than 12 months to build the home, they are not eligible for the First Home Buyer Concession (choose “No” for the Option “Are you first home buyer”).
Pensioner Exemption Concession An exemption if a home valued at $600,000 or less, or a concession if a home valued from $600,001 to $750,000.
Mortgage Registration Fee 2023 – 2024:
(a) Paper Transaction: $128.50 (b) Electronic Transaction: $118.90
Land Transfer Fee:
(a) Paper Transaction Fee: the sum of $105.70 plus $2.34 for every whole consideration, the maximum fee is $3,616.00
(b) Electronic Transaction Fee: the sum of $96.00 plus $2.34 for every whole consideration, the maximum fee is $3,607.00
First Home Owner Grant: $10,000 if property valued up to $750,000.