Author Archives for Peter Mericka

First Home Owner Grant

October 6, 2016 4:47 pm Published by Comments Off on First Home Owner Grant Video describing requirements for the First Home Owner Grant, presented by the State Revenue Office of Victoria.

Video Pro-forma

January 9, 2016 9:43 am Published by Comments Off on Video Pro-forma This excerpt will appear on the "Videos" category page to give visitors a brief description of the page before they click through.

Victoria’s Section 32 Statements – Tread Warily In This Conveyancing Minefield

July 14, 2015 11:35 am Published by Comments Off on Victoria’s Section 32 Statements – Tread Warily In This Conveyancing Minefield Victoria's solicitors have been informed by their Legal Practitioners? Liability Committee ("LPLC") that their mishandling of property conveyancing is one of the most costly sources of clients? negligence claims. Whether acting for vendors or purchasers, conveyancing solicitors have been warned to be especially careful regarding Section 32 Statements.

Bucknells’ Guide To Commercial Property Investment

July 14, 2015 11:26 am Published by Comments Off on Bucknells’ Guide To Commercial Property Investment News postings by Tim O'Dwyer - Nigel Bucknell was originally a scientist. His wife Janet was a mathematician. Both are now successful commercial property investors, and clients of mine. Their first investment was a small shopping centre. They currently have industrial, shopping centre, motel, caravan park and sporting centre investments.

Wrong Advice From NSW Office Of Fair Trading

December 7, 2014 3:51 pm Published by Comments Off on Wrong Advice From NSW Office Of Fair Trading Applications for an ex gratia payment will be quite common in the future, unless the NSW Office Of Fair Trading start looking closely at the relevant provisions of the NSW Property Stock & Business Agents Act 2002. An ex gratia payment is made in the exercise of the prerogative power of Government. A payment may be made if a person has suffered a financial loss or other detriment directly as a result of the workings of Government. This...


Section 27 Deposit Release – Our Policy on Early Deposit Release

November 24, 2014 9:55 am Published by Comments Off on Section 27 Deposit Release – Our Policy on Early Deposit Release Russell Cocks, a leading property lawyer in Victoria and author of numerous articles relating to property law, wrote a comprehensive article on the early release of deposits under Section 27 of the Sale of Land Act 1962 titled “Deposit Release – Why Take the Risk?“. Mr Cocks’ conclusions and warnings, together with those of other leading industry commentators, have informed our policy of automatically objecting to the early release of deposit, and our advice to purchaser...


Section 27 Deposit Release – How to Obtain a Bank Confirmation Letter

November 16, 2014 7:20 am Published by Comments Off on Section 27 Deposit Release – How to Obtain a Bank Confirmation Letter Obtaining a letter to support a Section 27 Deposit Release Statement can be difficult. Most bank employees are professional and helpful, but unfortunately some  regard mortgage discharges as cumbersome and less lucrative than new home loans. To ensure that you are not dismissed by bank staff when you seek information for your Section 27 Deposit Release Statement, or for a letter confirming the information you have entered into your Section 27 Deposit Release Statement, use the...


Section 27 Deposit Release – How to Understand the Section 27 Process

November 14, 2014 6:35 am Published by Comments Off on Section 27 Deposit Release – How to Understand the Section 27 Process In Victoria it is possible for the vendor of residential real estate to have the deposit released before settlement. The procedure for early deposit release, known simply as “the Section 27” takes its name from Section 27 of the Sale of Land Act 1962. However, the process is not as straight-forward as it might seem. The purpose of the deposit The purpose of a deposit is to bind a proposed purchaser to a contract and so secure...