Trying to break into the property market as a young Australian has never been more challenging. With house prices raising to unprecedented amounts, stamp duty, deposits, and other up-front payments all prove significant barriers in ascertaining home ownership. The NSW Government assented to the Property Tax...
The Trees (Disputes Between Neighbours) Act 2006 (NSW) (‘the Act’) was introduced in 2006.The Hansard Second Reading Speech describes its purpose as to provide a simple, inexpensive, and accessible process to resolve disputes between neighbours regarding trees. Part 2 of the Act provides for trees...
The Duties Act 1997 (‘the Act’) provides that stamp duty is payable on the acquisition of an interest in a Landholder. Landholder duty is a scheme that was initiated to impose stamp duty on acquisitions in landholding entities. Before being introduced as the landholder regime,...
Off the Plan Contracts An Off the Plan contract is a contract where the Vendor is usually a property developer and sells to the Purchaser a property which has not yet been built. In some cases the property will not be completed for 2 or...
Background The commencement of the changes to the Swimming Pools Act 1992 (NSW) (“the Act’”) which have been evolving since 2012 finally commenced on 29th April 2016. These changes have a significant impact on Vendors and Purchasers of properties with swimming pools and spa pools. Are you selling a property with...
If your home was built before the 1980's it could be affected by hazardous Loose-Fill Asbestos insulation, which was used as insulation in the 1960's and 1970's. The NSW Government is proposing new laws which will require you when selling your home to confirm whether it...
The Office of State Revenue has released a new ruling ("LT82v2" on 13 March 2012) setting out the Commissioner's interpretation of Schedule 1A to the Land Tax Management Act. Schedule 1A provides the principal place of residence exemption and says "land used and occupied by the owner as...
The Facts: In June 2005, the Garnocks (“the Purchasers”) entered into a contract for the purchase of a rural property (“the Property”) from Mrs Smith (“the Vendor”). Settlement of the contract was due to take place at 11.00am on 24 August 2005. On 23 August 2005, a firm...
The Trees (Disputes Between Neighbours) Act 2006 ("the Act") commenced on 2 February 2007. Under the Act, the Land and Environment Court of NSW is able to make orders to remedy, restrain or prevent damage to property or to prevent injury to a person when a tree...