One in four Victorian properties carries a restrictive covenant
From 1,358 Victorian contracts of sale One in four Victorian properties carries a restrictive covenant You can buy the house you love and still...
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3 min read
Lindel Enticott
Updated on November 10, 2025
Conveyancing isn’t just about transferring ownership it’s about being financially ready for every step of the journey. Being Prepared means more than just knowing the purchase price or sale figure.
At Prepared, we equip our clients with a complete understanding of what’s ahead. So, whether you’re buying your first home or selling your tenth, here’s what you need to budget for to avoid delays, stress, or last-minute surprises.
Selling a property involves more than signing contracts and collecting funds. These are the key costs sellers in Victoria need to plan for:
From preparing your Contract of Sale to drafting a compliant Section 32 statement, legal guidance isn’t optional. We charge a flat professional fee but deliver precision, because there’s no room for error in your biggest financial move. Searches will be a necessary expense to cover all your mandatory disclosure items and secure a legally binding sale.
You will need to undertake Verification of Identity as part of your conveyancing transaction. The providers and cost (for online identity agents) will depend on your solicitor but are currently $49 for Australia Post.
Selling an investment property? CGT may apply - speak to your tax professional.
If you’re treated as a foreign tax resident, you will be subject to a CGT withholding payment at settlement, which means a settlement deduction will be remitted to the ATO as settlement. This process requires a settlement payment (as a credit) rather than simply budgeting for a CGT payment during your next tax return. We’ll help you navigate what’s owed and when.
You’re not just buying a home, you’re stepping into a series of legal, financial, and logistical steps. Here’s what purchasers should consider:
We will be here to guide you through the entire process. It’s not just about paperwork, it’s about protection. Our fixed professional fees and searches will usually be payable at settlement. Talk to us today for a quote and to discuss timing and budget.
You will need to undertake Verification of Identity as part of your conveyancing transaction. The providers and cost (for online identity agents) will depend on your solicitor but are currently $49 for Australia Post.
When you’re financially prepared, settlement runs smoothly. There’s no scrambling, no stress, and no nasty surprises.
Need a precise estimate tailored to your situation? We’ll map it out clearly, quickly, and without the legal fog.
The information is general in nature and does not constitute legal advice. If you are buying or selling, please contact us to request legal advice.
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