Category Archives: Conveyancing

Explosive report on residential subdivisions

Melbourne conveyancerRising land prices are driving an increase in subdivision of properties, with conveyancing companies reporting that they are working through weekends in order to keep up with demand.

Subdivision is a simple process when organised through a conveyancer in Melbourne, according to resident Steve Peterson, who sold off his backyard.

“We had this big backyard that we weren’t using, so we split the property into two titles with the help of a conveyancer, and sold it off to a property developer,” he said.

“They’re building a small house out the back, and with the money we were able to pay off our loans and take a holiday.”

The previous year has seen a record surge in land value, with many Melbourne suburbs enjoying growth of over ten percent on the previous year. Following unbroken upwards trends since recordkeeping began, many Australians are unable to afford the large properties enjoyed by previous generations.

In turn, homeowners with large backyards are taking advantage of the strong property market by selling their backyards to property developers.

This is a particularly appealing option to those with grown-up children, who no longer require the expanse of a large backyard.

Young families are among those most likely to purchase a house on a subdivided property.

Single parent Katrina Lewis, who has three children under five years old, is one such new owner of a unit of a subdivided block of land.

“I never thought I would be able to afford a house, but I think the places I was looking at were just too big,” she said.

“We don’t have much of a yard, we just have a small courtyard, which is not ideal but at least I am finally out of the rent cycle. It’s a modest place, but I am so glad it’s mine.”

The trend towards subdivision is not unique to Melbourne, property conveyancing professionals operate to subdivide properties in other cities with high land costs.

Conveyancing, and the Building of Repute

conveyancing RichmondHello, Mother and Father,

I hope this missive finds you well. I am indeed the same, having arrived in Australia with minimal fuss and relatively little paperwork. I am still growing used to the natives and their strange tongue- one particularly confusing instance had my sponsor using ‘yeah, nah’ as a means of denial, and ‘nah, yeah’ as a means of confirmation- but otherwise, they are good people. Salt of the Earth, one may even say.

As I requested, Father, I have been placed in an industry as befitting as those of our class, namely that of real estate and property management. In my local suburb of Cheltenham, conveyancing appears to be the flavour of the month, and I deal with them regularly (even if this is of the fetching coffee variety of service…one must start somewhere, I suppose). Conveyancing is a fascinating science when one looks at the documents, of which there are many. One person moves out of a home, another moves in. The vacated party must find somewhere else, if they have no already. What are you to do if no suitable place presents itself? That, I suppose, is where estate agents come in.

Conveyancers are those who handle the legal documentation and make the transition smooth, as it is said. Obviously you are well-versed in these things, Father, being a property mogul and obscenely rich because of it. No doubt you deal with conveyancers in London on a regular basis, so those in Melbourne operate on more or less the same principles.

I would not know. Most of my tasks have been of the fetching variety. However, I have been told that I shall soon be moving up to shredding, photocopying and, if I prove my skill, filing. That’s the goal, anyway. Apparently there place that does conveyancing in Richmond, and they are in need of a filer. You always told me to set goals for myself to achieve greatness, Mother and Father. So this is now my goal.

-Brighton