News & Insights

This guide explains what a settlement statement is in conveyancing and how settlement adjustments are calculated for property transactions. It covers plus and less adjustments, rates, water and sewerage, body corporate levies, rental adjustments, and negotiated deductions, helping buyers and sellers understand settlement figures and avoid surprises at settlement.

Buying or selling property in Queensland now involves a few more questions than usual, and there is a brand-new legal reason behind it. From 1 July 2026, Australia’s anti-money laundering and counter-terrorism financing framework expanded to include the real estate and legal sector. Known as the "Tranche 2" reforms, these changes legally require conveyancers, solicitors and real estate agents to conduct formal identity and source-of-funds checks before acting on a property tr

Transferring property from a company or trust into your personal name is possible, but complex. Stamp duty, Capital Gains Tax, and Division 7A rules can create significant costs. Even related-party transfers are treated like full sales at market value. Speak with a solicitor, accountant, and financial specialist before acting to ensure compliance and minimise tax risks.

From 1 January 2027, all Queensland homes, including owner-occupied properties, must meet strict smoke alarm requirements: photoelectric, interconnected alarms in every bedroom, hallway, and level, powered by hardwiring or a 10-year battery. Compliance impacts safety, legal obligations, and property transactions, so homeowners should review, upgrade, and retain evidence of alarms well before the deadline to avoid risk and delays.