Property Law
22
Mar
2023
It is important for purchasers to first find out about the property through the building & pest report before signing the contract. However, if you are planning to buy a property and use it for Airbnb purposes, then in addition to the building & pest report, you will need to make further enquiries to find […]
17
Mar
2023
When purchasing at auction, you do not have the benefit of any cooling off period if you are the successful purchaser. Therefore, it is important that you are well-prepared beforehand. The following are some important things we recommend you do before going to an auction. 1. Due Diligence We recommend you obtain a pest […]
10
Mar
2023
Before buying a property, a purchaser will usually find out about problems with the property through a building & pest report. But there are some issues that will not be covered by these reports, such as tree disputes that are likely to occur in the future. If the branches of your neighbour’s trees have not […]
09
Mar
2023
An easement is the legal right to use another person’s property for a specific purpose or use. Some common types of easements include: easement for services i.e. water pipes, sewage, power lines etc. easement for access e. shared driveway easement for support Dominant tenement means the land benefiting from the easement. Servient tenement means the […]
23
Nov
2022
Land tax is an annual tax payable at the end of each calendar year on properties that are above the land tax threshold. It is calculated on the combined value of all properties owned by you. If the total value does not exceed the land tax threshold, no land tax is payable. The Valuer General […]
14
Nov
2022
No one wants to buy a property with underlying issues. As appealing as a house may be, there may be pests, defects, or even harmful substances such as asbestos that may go unnoticed. It is our strong recommendation that a pest and building inspection be carried out by a licenced and insured inspector, prior to […]
22
Jul
2022
Do you have cold feet about your recent property purchase? Keep reading to find out how you, as a property buyer, can pull out from the deal after you have signed the contract of sale without any major legal or financial implications. In New South Wales, when buying residential property, buyers are provided with a […]
22
Jul
2022
A purchaser under a Contract for Sale in New South Wales in required to pay a deposit upon exchange. This is generally 10% of the purchase price. The balance of the purchase price is then paid at settlement. If a purchaser defaults under the Contract, the seller may be able to keep the 10% deposit. […]