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Selling

Selling service

Conveyancer plays an important role in the purchase of commercial or residential property, they are just as important in the process of selling as well. If you’re selling a property and don’t want to incur exorbitant selling a property solicitors fees, then a specialist property sale conveyancing firm is just as capable of meeting your needs.

The word conveyancing refers to the transference of property ownership from the seller to the buyer, and a property sale conveyancer can oversee the process from start to finish, ensuring it’s carried out without stress or hassle. If you’re looking for a trusted and experienced conveyancer in north west Melbourne to manage the sale of your property, get in touch with Master Key Conveyancing for expert service and advice from an established house sale conveyancing firm.

How our property sale conveyancer can help you

While you need a conveyancer whether you’re buying or selling property, the legal obligations can differ between the parties on both sides of the transaction. When it comes to conveyancing for selling, we will take care of all necessary legal paperwork and documentation to ensure the transfer of ownership isn’t held up by bureaucracy or human error. Our property sale conveyancers can also act on your behalf in all interactions with the buyer. For example, we can put forward any request to extend dates if you require it, or ask any questions related to the land title. Our aim is to make conveyancing for selling in St Albans and surrounds as simple and stress-free as possible, while also offering reasonable conveyancing fees for selling.

find out how we can help you today

If you want to sell a property without the costly solicitors fees, discover the expert service and advice you can obtain from property sale conveyancing specialists. Get in touch with Master Key Conveyancing today to learn more about our selling property conveyancing services.

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Victoria

Stamp Duty – Non Principal place of Residence Rate
For the purchase of any other property (i.e. not Principal place of residence).

Dutiable ValueDuty Threshold
$0 – $25,0001.4 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 $960,0005.5 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 ValueDuty Threshold
$0 – $130,000The 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 $550,000The 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.