Newsletter
Helping Your Kids Step into the Property Market
Buying a first home has always been a financial challenge, but housing affordability in Australia has declined so much in recent decades that younger generations are struggling to gain entry to the property market at all. As a result, more parents wish to take...
Buying a Property? Don’t Skip the Pre-Settlement Inspection
Purchasing a property is a significant undertaking. One crucial step in the process that should not be overlooked is the pre-settlement inspection. This involves the buyer inspecting the property just prior to completing the purchase. In this article, we explore the...
First Home Buyer
At MRC LAW we are aware of the struggles first home buyers have saving the deposit and buying a house. We would like to do our part in helping first home buyers get into the market. All first home buyers purchasing a property as their Principal Place of Residence...
Help for First Home Buyers in Victoria
For many Australians, home ownership is a personal goal. Yet, for many first-time buyers, purchasing a home seems out of reach, especially as the housing market continues to rise. Fortunately, in Victoria, various support mechanisms exist to ease the journey for first...
Will Contests and Estate Disputes – an Overview
In Australia, there are legal avenues available to individuals who wish to contest a will or challenge the distribution of an estate. Although regrettable, such disputes are often unavoidable and sometimes essential to ensure fair outcomes. Understanding these legal...
Due Diligence when Buying an Existing Business
If you are thinking about a new venture, expanding an existing business or entering a new market, one option you might consider is to buy an established business. There are advantages and disadvantages when buying an existing business compared with starting your own....
Why it’s a bad idea to write your own Will
It is relatively easy to find a free Will template on the internet and fairly cheap to buy a Will “kit” from a newsagent or online. There are also websites that have “data collectors” that take your information and create a Will for you seemingly without any legal...
The employees right to disconnect – new law
Is your company ready for the changes to your employees right to disconnect from work. On 12 January 2024 parliament passed the bill to amend the Fair Work Act to give employees the right to disconnect from work. This right will take effect on 26 August 2024 for...
Transferring Property Between Family Members – Key Considerations
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
New Victorian Land Tax Laws
Land Tax no longer adjustable The proposed amendments to the Sale of Land Act 1962, Property Law Act 1958 and Windfall Gains Tax Act 2021 prohibit settlement adjustments for land tax or an existing WGT liability between a vendor and purchaser in all contracts for the...