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Property Law

REQUISITIONS ON TITLE EXPLAINED

REQUISITIONS ON TITLE EXPLAINED Requisitions on title are essentially questions relating to the sale of a property drawn up by lawyers. During the conveyancing process, and within 21 days from the date of the contract, the Purchaser's legal representative will make...

DOWNSIZER SUPER CONTRIBUTIONS

Commencing 1 July 2018, eligible persons aged 65 years or over who after 1 July, 2018, enter into a contract to sell a property they have owned for a minimum of 10 years will be entitled to contribute an amount of up to $300,000 from the sale proceeds into their...

THE FIRST HOME SUPER SAVER SCHEME

The First Home Super Saver (FHSS) scheme was introduced as part of the 2017-18 Federal budget.  Commencing 1 July 2017, eligible participants have been able to make voluntary concessional (before-tax) and non-concessional (after-tax) contributions into their super...

WHAT IS LAND TAX?

Subject to what land you own, land tax is a tax levied on the owners of land in NSW as at midnight on 31 December of each year. Land tax can apply to land whether or not income is earned from the land. The definition of land includes: vacant land, including vacant...

BUYING AND SELLING COMMERCIAL PROPERTY

Whilst the fundamentals to buying or selling a commercial property are the same, residential and commercial transactions differ in a number of aspects. When selling/purchasing a commercial property there is no requirement that a contract be prepared prior to marketing...

ELECTRONIC EXCHANGE OF CONTRACTS

The times they are a-changing!! Conveyancing is continuously evolving with changes to legislation and technology happening at great speed.   One of those changes is the electronic exchange of Contracts which has been introduced to make the exchange process easier and...

Mixed Use Developments

The Advantages and Disadvantages of Mixed Use Developments What is a mixed use development (MUD)?  The Property Council of Australia defines mixed use as "a single building or site accommodating three or more uses such as residential, hotel, commercial, industrial,...