Is a 50/50 split the starting point? Following the breakdown of a marriage or de facto relationship, it is common for separated parties to be unsure and therefore anxious about their entitlements in a property settlement, and the assets that they are likely to retain.

Is a 50/50 split the starting point? Following the breakdown of a marriage or de facto relationship, it is common for separated parties to be unsure and therefore anxious about their entitlements in a property settlement, and the assets that they are likely to retain.

A Section 32 – actually called a Vendor’s Statement – is a document provided by the Vendor when they decide to sell real property. Pursuant to the Sale of Land Act, a Vendor is required to disclose, to any potential Purchaser, a number of matters which a Purchaser should take into account (or at least should be made aware of) in deciding whether to buy a particular property.

Consider the manner is which you are buying the property if you are not purchasing as a Sole Proprietor. If you are purchasing a property with another person, the manner in which you own the property is an important matter you need to decide on.

Buying a property can often be a daunting process, particularly when purchasing at Auction where you are competing with other buyers and there is no cooling off period. The overwhelming number of properties are sold via Auction, particularly in the current market where Vendors seek competitive bidding, so it is important for buyers to understand the processes involved so they can bid confidently on auction day.