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  1. tobe

    Who is entitled to the interest earned on property deposits?

    buyer a deposits on vendor b's house. vendor b accesses buyer a's deposit so they can leave a deposit with Vendor c. Its done by way of a form called a section 27 in vic and is pretty common. Not sure about WA. Yes, asking for a higher deposit can limit the pool of buyers, as any term or...
  2. tobe

    Who is entitled to the interest earned on property deposits?

    I dont think trust accounts earn much interest. They are also expensive to maintain with extra auditing etc. I think a lot of estate agent principals pay their sales people commission when a deposit clears. This may be one reason why they push for a higher deposit. A lot of the time...
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