(03) 9720 2922

Jansen Walsh and Grace





Tightening of investor lending

The lenders’ regulator, APRA, has directed banks to implement measures to slow the growth of lending to investors.  Several banks are already implementing further restrictions to their LVR for investment lending and making adjustments to rates for new investment lending.




What we do
Conveyancing is the process of buying and selling property.

Our firm has 35 years’ experience, first as Jansen Walsh & Associates, and during the last 30 years as Jansen Walsh & Grace.

We can assist you in purchasing your investment property, whether it is:


Abolition of duty concession for investors

Are you are thinking about buying an investment property off-the-plan?

If so, you should do so by 30 June 2017 if you want to receive the off-the-plan duty concession.

  1. commercial property;
  2. unit, apartment or townhouse;
  3. an “off the plan” purchase.

We also help you with the purchase by your SMSF or DIY superannuation fund using a limited recourse borrowing arrangement.


The Government announced on 5 March 2017 that it will remove off-the-plan duty concessions on investment properties.  The off-the-plan duty concession will only be available for those who intend to live in the property or who are eligible for the first home buyer duty concession.  The measure will come into effect on 1 July 2017






Vacant Property Tax

The Government also announced a 1% Vacant Residential Property Tax. It will be levied on dwellings that are vacant for more than a total of 6 months in a calendar year.

The tax will apply from 1 January 2018.  It will be payable on a calendar-year basis, just like land tax.





It will only apply to vacant properties located in the municipalities of Banyule, Bayside, Boroondara, Darebin, Glen Eira, Hobsons Bay, Manningham, Maribyrnong, Melbourne, Monash, Moonee Valley, Moreland, Port Phillip, Stonnington, Whitehorse and Yarra.







  The tax will apply at the rate of 1% of the property’s capital improved value.  For example, if the taxable property has a capital improved value of $500,000, the applicable tax will be $5,000.  The capital improved value of a property is the value of land and buildings as determined every second year as part of the council valuation process.  The capital improved value of your property is displayed on your council rates notice.




The tax will be self-reporting.  That is, owners of vacant residential property will be required to notify the SRO of any vacant properties that they own.





There will be a number of exemptions, including holiday homes owned by those with a principal place of residence in Australia; those who need a city unit for work; properties in deceased estates; and homes subject to legitimate temporary absences, such as overseas holidays and hospitalisation.