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.
As people continue to move towards online shopping for a variety of goods and services including (but far from limited to) clothing, footwear, accessories, jewellery and toys – traditional shopping centres have been forced to re-vamp their footprint in the creation of a broader food and leisure experience.
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 decision to invest in a commercial property does not come without significant risks. As with any form of investment, it is always important to undertake effective prior research in order to ensure that your efforts will be worthwhile in terms of a monetary return.
In efforts to facilitate a more efficient process when it comes to purchasing property, the NSW government has implemented an e-conveyancing system to assist purchasers and sellers.
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’?
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