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Saimon Sami from Trinity Legal and Migration shares essential legal insights for property buyers, emphasizing that solicitors act as "personal bodyguards" through the property purchase journey.

• Solicitors provide comprehensive legal protection compared to conveyancers, who focus only on transfers
• Contract review is crucial for identifying risks like easements, covenants, and special conditions that could impact your purchase
• Every state has different legal requirements - cooling-off periods range from none in WA to five days in NSW
• Settlement processes have modernized from chaotic in-person check exchanges to streamlined 45-minute digital transfers on PEXA
• Building and pest clauses, finance conditions, and settlement dates are three critical contract elements buyers should carefully review
• Stamp duty and land tax regulations vary significantly between states, with Victoria currently having the highest rates
• Working with a coordinated team of professionals (solicitor, buyer's agent, mortgage broker) creates a smoother purchasing experience

We've turned on Fan Mail! Send us your questions, feedback, or comments through the link in our show notes - we'd love to hear from you and possibly address your questions in future episodes.

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Edit - Land Tax Threshold in Victoria

As of the 2024–2025 financial year, the land tax threshold in Victoria (VIC) is:

✅ Land Tax Threshold (VIC – 2024–25):
Type Threshold General landowners | $50,000
Trusts (special trust rates) | $25,000

The Property Calculator Australia App is the must have app for anyone buying property in Australia. PCAU helps you calculate Stamp Duty, Loan Repayments, and upfront costs in seconds.
No Ads, No Guesswork - Just clean, powerful property math.

Download Property Calculator Australia now on the App Store or Google Play... And Start Crunching those numbers like a pro!

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Financial advisor Kyrillos Ghaly (KG) explains how Self-Managed Super Funds work and their unique advantages for property investors. He breaks down the misconceptions, costs, and strategic benefits of SMSFs while highlighting their potential to dramatically increase your property portfolio.

• SMSFs allow investment in "exotic assets" like direct property ownership that retail super funds don't offer
• Setting up an SMSF typically costs over $2,000 with ongoing expenses for compliance, tax returns and financial advice
• Ideal candidates have at least $250,000-$500,000 in combined super balances
• Couples can combine their superannuation in an SMSF, making it more accessible for many Australians
• Properties in SMSFs must be genuine investments - you and family members cannot live in them
• SMSFs require specialized loans called Limited Recourse Borrowing Arrangements (LRBAs)
• Capital gains in an SMSF are taxed at just 10% after 12 months
• When you reach retirement and convert to pension mode, you pay 0% tax on everything
• Setting up requires SMSF-accredited professionals - either financial advisors or accountants
• Regular tax compliance is essential - non-compliant SMSFs face tax rates of 47%

If you'd like to learn more about setting up an SMSF or exploring whether it's right for you, visit Trinity Advice at trinityadvice.com.au or search for KG (Kyrillos Roman) or Joseph Meawad on LinkedIn.

This episode is also brought to you by Digital One Agency – experts in custom mobile app and website development. Ready to build something amazing? Visit www.d1a.com.au or call (02) 9057 9079. Mention this podcast to get a free consultation.

The Property Calculator Australia App is the must have app for anyone buying property in Australia. PCAU helps you calculate Stamp Duty, Loan Repayments, and upfront costs in seconds.
No Ads, No Guesswork - Just clean, powerful property math.

Download Property Calculator Australia now on the App Store or Google Play... And Start Crunching those numbers like a pro!

The Australian property market shows varied performance with national dwelling values rising 0.7% over the March quarter while annual growth softens to 3.4%. Brisbane, Adelaide, and Perth lead the pack with strong growth and record-high values, while Sydney and Melbourne show more modest improvements.

• National dwelling values up 0.7% for March quarter, returning to positive territory
• Houses now commanding a 31.5% premium over units
• Brisbane (8.6%), Adelaide (11%), and Perth (11.9%) showing strongest annual growth
• Properties taking longer to sell nationally, up to 40 days from 30 days last year
• Stock remains tight with total listings 11% below the five-year average
• Rental growth slowing to 3.8% year-on-year, the slowest pace in four years
• New NSW pet laws coming July 2025 making it harder for landlords to refuse pets
• Big four banks expecting a 25 basis points rate cut in May
• Investor lending up 22.6% year-on-year despite slight quarterly decline
• First home buyers make up 29.2% of owner-occupied lending, above decade average

If you found this helpful, please follow, rate, share, and tell your friends. We really want to get more people listening and getting educated. If you have specific topics you want us to cover or guests you'd like us to have on, let us know at hello@firstbrick.com.au.

This episode is proudly sponsored by Digital One Agency – your go-to team for custom website and mobile app development. Whether you're a startup with a fresh idea or an established brand ready to level up your tech, Digital One delivers world-class results you can count on.

Visit www.d1a.com.au or call us on (02) 9057 9079 to chat with the team today.

Website: www.d1a.com.au

Phone: (02) 9057 9079

This episode is brought to you by Digital One Agency – experts in custom mobile app and website development. Ready to build something amazing? Visit www.d1a.com.au or call (02) 9057 9079. Mention this podcast to get a free consultation.

The Property Calculator Australia App is the must have app for anyone buying property in Australia. PCAU helps you calculate Stamp Duty, Loan Repayments, and upfront costs in seconds.
No Ads, No Guesswork - Just clean, powerful property math.

Download Property Calculator Australia now on the App Store or Google Play... And Start Crunching those numbers like a pro!