All Topics / General Property / Purchasers costs at auction, Perth

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  • Profile photo of Brandy ManBrandy Man
    Participant
    @brandy-man
    Join Date: 2011
    Post Count: 1
    January 6, 2012 - 9:11 am

    I have been looking at buying residential proerty at auction in Perth and have been  told that I would be responsibile for outstanding costs such as rates and taxes.  Isn't this the responsibility of the seller and sorted pro rata at settlement? Any other hidden costs that I should be aware of?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    January 6, 2012 - 10:08 am

    Would depend on what is in the contract I think. Watch out for land tax too.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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