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Australia is experiencing a period of very low rental vacancy rates and rapidly rising rent levels, pushing many young people to enter the housing market. Most of the information currently being promoted to new home buyers is about rising interest rates and mortgage burdens. To break that trend, we thought it might be useful...
Read moreRetirement villages often offer a good alternative to home ownership for people who want or need a convenient and less demanding place to live. Prospective residents should, however, be aware of what they are signing up for, and in particular what will happen when they eventually leave the village. How Retirement Village contracts...
Read moreYou may have heard the word ‘interoperability’ used in recent times in the context of land transactions. It is a hot topic in the conveyancing industry as we progress towards having a more competitive market between electronic settlement platforms. The costs of conveyancing may go down a little as a result (which is...
Read moreIf notice is required under the PDI Act, the prescribed notice must tell the neighbours what work is to be done on the neighbours' land, when it will commence and when it is expected to end. The notice must be given at least 20 days before the work commences.
Read moreWhen signing your contract for purchase of land, home buyers should take care to ensure that the finance figure in the contract is no less that what they will apply to borrow.
Read moreThink carefully before you decide not to serve a disclosure statement on renewal of a commercial lease.
Read moreAn increasingly common way to get into the property market these days is buying a property with another person. Whilst there are a whole host of reasons as to why you might find yourself buying a property with another, the most common matchups are: • With a friend or sibling for investment purposes; and • A mum or dad co-owning...
Read moreThere are several new time frame and administrative requirements that have been imposed under the amendments made to the Retail and Commercial Leases Act 1995 (click here for an overview of what these amendments are). It is imperative that Landlords in particular need to be aware of these requirements, so as to avoid unnecessary...
Read moreThe Retail and Commercial Leases(Miscellaneous) Amendment Act 2019 came into operation on 1 July 2020, giving effect to several significant amendments to the Retail and Commercial Leases Act 1995 (‘the Act’), that all Landlords and tenants should be aware of. The key amendments are: A lease can now move in and...
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