KEY TAKEAWAYS: No cooling-off period Finance must be pre-approved Conduct all inspections and Contract review beforehand Pre-auction negotiations are possible Purchasing a property at auction… Read More »Essential Tips for Property Buyers Attending Auctions in NSW
KEY TAKE OUTS: Increased Borrowing Power: CBA now allows owner-occupiers to include rental income when calculating loan servicing, enabling them to borrow more. CBA’s New… Read More »Owner-Occupiers Can Boost Servicing Power with Rental Income!
KEY TAKE OUTS: What is a Strata Report? Key information provided by the Report Why is it important to obtain prior to a purchase of… Read More »Importance of obtaining a Strata Report prior to purchasing a unit in NSW
KEY TAKE OUTS: Risk for sellers to consider with the potential for damage to properties in NSW Risk for purchasers to consider with the potential… Read More »Cyclone Alfred – Risks for Sellers and Purchasers of NSW Property
KEY TAKE OUTS: From 1 April 2025 to at least 31 March 2027 foreign purchasers will be banned from buying established houses Exemptions to the… Read More »Foreign purchasers banned from buying established houses
KEY TAKE OUTS: For the Land Tax year commencing from 1 January 2025, you must own at least 25% of the property, either solely or… Read More »Are you liable for Land Tax – Changes to the Principal Place of Residence Exemption & others
KEY TAKE OUTS: How does the release of deposit work in NSW? Positives of release of deposit in NSW for Vendors? Negatives of release of… Read More »Release of deposit in NSW – how it works
KEY TAKE OUTS: The Purchaser of residential property in NSW are legally entitled to a cooling off period of 5 days minimum The Purchaser of… Read More »Cooling Off Period in NSW explained
KEY TAKE OUTS: What is Community Title? Key Features of Community Title Considerations for buyers Understanding Community Title in NSW: A Comprehensive Guide In New… Read More »Understanding Community Title in NSW: A Comprehensive Guide
KEY TAKE OUTS: What is a fractional ownership How does it work? Benefits and consideration Fractional Home Ownership in NSW: A Modern Approach to Property… Read More »Understanding Fractional Home Ownership in NSW
KEY TAKE OUTS: What is a reverse mortgage How does it work? Benefits and considerations Unlocking Home Equity: Understanding Reverse Mortgages in NSW In… Read More »Unlocking Home Wealth – Navigating a Reverse Mortgage in NSW
KEY TAKE OUTS: Foreign buyers who purchase residential property in New South Wales are liable for an additional 8% Purchasers from New Zealand, Finland, Germany,… Read More »Foreign nationals must pay a stamp duty surcharge of up to 8%
Co-written by: Alicia Haule Pre Settlement Inspections KEY TAKE OUTS: Pre settlement inspection is the purchasers right to insect the property prior to settling, to… Read More »The importance of Pre Settlement Inspections
KEY TAKE-OUTS: ePlan will be migrating to NSW LRS Connect as the way to lodge plans with NSW Land Registry Services. On 31 July 2023,… Read More »Transitioning to NSW LRS Connect: Replacing ePlan by July 31, 2023
KEY TAKE OUTS: What is Rural Land? What are the differences between purchasing rural and residential land? What additional searches and enquiries should be made?… Read More »Comparing Rural Land and Residential Land Purchases: Insights for Buyers
KEY TAKE-OUTS: Yes, you can sell a property as an Executor of an Estate. The Executor does not receive sale funds, it goes into the… Read More »Buying or Selling a Deceased Estate
KEY TAKE-OUTS Standard Contract for Sale completion period is 42 days, however this can be changed by agreement between the parties Generally, the vendor needs… Read More »How long does a conveyancing transaction take in New South Wales?
KEY TAKE-OUTS Eligible First Home Buyers can now opt out of paying Stamp Duty in NSW and opt into paying an annual property tax, to… Read More »First Home Buyer Choice Property Tax – Effective from 16 January 2023