Transfers can occur in different circumstances where a Contract for Sale of Land is not required, such as:-

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Transferring a spouse or de facto partner on Title.

Transferring between family members.  E.g. A parent giving their house to a child.

Transferring due to separation of spouse, de facto partner or partner.

 

Transfers generally have the same steps of buying or selling a property without the steps of preparing a Contract for Sale of Land, exchanging that Contract and any cooling off period.

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The main benefits to Transferring without a Contract for Sale are:-

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Cost effective as there is no cost for preparation of the Contract for Sale.

Can be a faster transaction, dependant on whether any funds are being borrowed and the banks requirements.
 

Stamp Duty exemptions or concessions may apply.

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It is important to note that some Transfers will require parties to have separate representation.

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Please feel free to contact our office should you wish to find out more regarding Transfers.