Since 2007, self-managed super funds (SMSF) have been permitted to borrow money to invest in all types of real property including residential property, commercial property and industrial property. Prior to 2007, SMSFs could purchase property but were not permitted to...
Sellers of residential real estate must give statutory warranties about the property they are selling and include certain disclosure documents in the contract. The disclosure and warranty requirements are found in the Conveyancing (Sale of Land) Regulation 2017...
Settlements used to require lawyers and banks to meet up to check and swap documents and bank cheques. The documents had to then be lodged with the Land Registry Office and government authorities had to be notified about the transaction. The recently introduced...
Buying a unit or townhouse is different to buying a house, as you not only buy the property you also enter a relationship with the other owners in the complex and become involved with a body corporate or owner’s corporation. There are also special by-laws to abide by...
Buying and selling real estate via an ‘option deed’ has gained popularity over the past, particularly in a growing property development market. Option deeds may be used for the acquisition of a site for future development and can be drafted to accommodate various...
Buying or selling property is widely accepted as one of life’s major stress factors. When you buy and sell property at the same time and try to complete both transactions together this can add considerably to the stress levels. This is known as a simultaneous...
