Here in Australia, it typically takes over a month to settle a real estate transaction, however this time would likely decrease if the process became completely paperless with a move over to blockchain technology.
The First Home Owner Grant has always been a topic of heated debate, whether it be in parliament, the media or at the family dinner table, although it is important to remember that there is a difference between this and the First Home Buyers Assistance Scheme.
Generally speaking, downsizers are homeowners looking to reap major profits from the sale of their properties, with the overarching goal being to spend that extra cash on the purchase of a smaller property with modern luxury fittings, as well as convenient access to both local attractions and high quality amenities.
When going through the negotiation process associated with signing a new lease term, it is of crucial importance that parties to the lease take adequate steps to effectively safeguard their position.
From 1 July 2018, purchasers of new residential premises or potential new residential land must pay the GST component of the purchase price directly to
The NSW Government has proposed the Fair Trading Amendment (Short-term Rental Accommodation) Bill 2018 (Airbnb Reform Package). The introduction of the reform package aims to clarify whether an owner’s corporation can impose a by-law preventing short-term letting of a residential property.
The NSW Government recently announced that new laws giving further protection to off-the-plan property buyers would be introduced to state parliament later in the year.
Various issues can be overlooked in the rush to have a document signed and finalised, and because of a landlord’s pressure to have a standard document for a complex or centre. Such omissions may have an adverse impact on the retailer tenant.
In light of the recent warnings from the Banking Royal Commission, it is important to understand how tightened lending and a surge of low housing prices can affect you, your property and any future investments.
The new Budget affects a wide range of property areas, although one particular area of interest is the affect that it is set to take on ‘land banking’ and housing affordability.
Commencing on 6 July 2018 the NSW Government will introduce a new Low Rise Medium Density Housing Code (‘The Code’) which is more than likely to affect your area.
In response to the growing and widespread need for affordable Australian real estate, there has been a recent surge in digital platforms offering ‘co-ownership’ solutions.
The ‘Strata Defects Regime’ commenced on 1 January 2018. The regime now makes mandatory an interim and final inspection, as well as an interim and final report is to be conducted by an independent building inspector appointed by the developer – and a 2% building bond is payable by the developer in relation to any potential defects.
Whilst some people tend to believe that a foreign person leasing a property for the purposes of commercial or industrial business will not require FIRB approval – this is not the case in circumstances where the land being leased is vacant/not yet developed.
The terms ‘technology’ & ‘millennial’ often go hand in hand when describing the technological savvy generation – but how about ‘millennial’, ‘gaming technology’ and ‘commercial real estate’?
When a tenant decides to exercise an option, the lease usually contains a mechanism for how their rent is to be determined, and once this is determined, would be payable from the start of the option lease…But what happens in situations where the rent review provisions are deemed void under the Retail Leases Act?
When entering into a leasing contract, rent is an essential term – and must be paid on time by the tenant as part of the tenancy agreement. But what happens when your tenant stops paying rent?
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