October 2004 - Snippets & Tit-bits October 2004 RETURN
Changes to the Victorian Duties Act now mean properties bought under company share titles will now attract Stamp Duty at the rates of normal property transfers. - VCAT now online. VCAT hears the majority of property disputes requiring official judgement and in particular tenancy issues. Our industry can now log on by internet under licence and process much of the administration needed. Decisions can be downloaded or applications lodged online. A welcome advance in technology. - Department of Consumer Affairs Estate Agents Resolution Services has quoted a drop in written complaints to 871 for the past year, against 916 for the previous. With a total of around 450,000 rental and sale transactions, this is a defective rate of less than 0.002%. Also dropping was the amount of written complaints resulting from phone inquiries made, down from 10.8% to 8.3%. The industry is continuing to display improved professionalism.
Changes to the Victorian Duties Act now mean properties bought under company share titles will now attract Stamp Duty at the rates of normal property transfers. - VCAT now online. VCAT hears the majority of property disputes requiring official judgement and in particular tenancy issues. Our industry can now log on by internet under licence and process much of the administration needed. Decisions can be downloaded or applications lodged online. A welcome advance in technology. - Department of Consumer Affairs Estate Agents Resolution Services has quoted a drop in written complaints to 871 for the past year, against 916 for the previous. With a total of around 450,000 rental and sale transactions, this is a defective rate of less than 0.002%. Also dropping was the amount of written complaints resulting from phone inquiries made, down from 10.8% to 8.3%. The industry is continuing to display improved professionalism.