Off-the-plan sales are common in new residential Torrens and strata subdivisions, where a purchaser buys a property prior to registration of the subdivision and construction of the new dwelling. They account for around 11% of...
Building isn’t a perfect science, and it’s common for homeowners to come across minor defects post-construction. Most builders rectify these issues at no extra cost, particularly during the defects liability period of the building contract....
NSW Land Registry Services – Fee increases from 1 July 2019 NSW Land Registry Services (LRS) is responsible for the recording of all dealings relevant to real property in NSW. If you have ever purchased...
As the number of renters continues to rise in New South Wales, the NSW Government is pushing through changes to the residential tenancy laws aimed to strengthen the rights of tenants, and encourage long term...
In 2019 there were almost 30,000 off-the-plan sales which account for about 12 per cent of all residential property sales in NSW. Off-the-plan buyers get in early to secure their property purchase by entering into...
Property Exchange Australia (PEXA) was formed to deliver a national eConveyancing solution to the Australian property industry. The company’s key shareholders include the Victorian, New South Wales, Queensland and Western Australia Governments, the four Major...
The Illawarra and South Coast have seen significant road works with the Gerringong upgrade, the Foxground and Berry Bypass and work soon to commence on the Albion Park Rail bypass and the Nowra Bridge project. What...
The New South Wales government has passed legislation to prescribe when strata schemes are able to restrict lots from being used for short-term rental accommodation. The legislation provides that an owners corporation can prohibit short-term...
In a recent case one unlucky unit dweller has described the sound travelling from his upstairs neighbours as being subjected to a “booming sound”, “like a herd of elephants coming down at you” and “living...
Rising property prices have led to many purchasers pooling resources with friends and relatives to buy real estate. This can be a great wealth building strategy however it also has the potential to be a...
