Category: Property Law

News

Land Tax Relief To Help Landowners and Tenants Affected By COVID-19 Restrictions
POSTED: 18 Aug 2021
Property Law
The NSW Government has announced that applications are now open for eligible Landlords who provide rental reductions to either residential or commercial Tenants in financial distress due to COVID-19, to claim Land Tax Relief or a Tenancy Support payment subject to meeting the relevant criteria.
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News

NSW: Strata Schemes Amendments
POSTED: 10 Aug 2021
Property Law
Over the past 6 months there has been various amendments and logistical changes to the Strata Schemes Management Act 2015. It is key for Lot owners in strata schemes to keep up to date with amendments to the Act to ensure they understand their rights and obligations under various by-laws...
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News

Revenue NSW Update 2021
POSTED: 02 Aug 2021
Property Law
In light of the New South Wales State Government’s 2020-2021 Budget, Revenue New South Wales have circulated their annual 2021 update (Update). The Update introduces a number of changes to the current rates and practices of various property taxes and concessions in NSW, including identifying a number of ‘common mistakes’...
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News

First Home Buyer? The Clock is Ticking as Thresholds are Scheduled to Reduce!
POSTED: 29 Jul 2021
Property Law
As part of the NSW Government’s COVID-19 Recovery Plan, the stamp duty thresholds for the purchase of new homes and vacant land under the First Home Buyer Assistance Scheme (FHBAS) were increased for a 12 month period between 1 August 2020 and 31 July 2021.
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News

New COVID-19 Leasing Laws in NSW
POSTED: 16 Jul 2021
Property Law, COVID-19
Current COVID-19 Support Package for Tenants and Landlords
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News

Current COVID-19 Support Package for Tenants and Landlords
POSTED: 15 Jul 2021
Property Law, COVID-19
On the 13th of July 2021 the Australian and NSW Government announced a new COVID-19 support scheme which will implement temporary measures to support both tenants and landlords. It will not only financially help the parties to a lease but also help reduce community movement and the potential spread of...
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News

Removing The Hurdle Of Stamp Duty – A Property Tax In New South Wales
POSTED: 28 Jun 2021
Property Law
Stamp Duty is a substantial financial barrier for those attempting to enter or remain in the already competitive New South Wales (NSW) property market. In recognition of this, the state government has released a consultation paper which aims to replace the current stamp duty structure in NSW with a proposed...
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News

Passing on Put & Call Options – The new risks that Vendors need to be aware of
POSTED: 25 May 2021
Property Law
A recent decision in the New South Wales Supreme Court has led to an interpretation of the meaning of “option to purchase” within the context of the Conveyancing Act (Act). The findings of the court in this matter are expected to have a significant impact on a grantee/vendor’s rights of...
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News

Purchaser loses their $241k deposit because of confusion over the definition of ‘month’
POSTED: 04 May 2021
Property Law
On 4 April 2019, the vendor entered into a Contract to sell their residential property to the purchaser for $4,830,000.00 (Purchase Price). In accordance with the Contract, completion of the Contract was scheduled to occur in January 2020.
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News

Community Schemes Reforms Research
POSTED: 17 Mar 2021
Property Law
Did you know that there are approximately 350 community schemes and 900 neighbourhood schemes in New South Wales?
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