Buyers in New South Wales (NSW) often struggle to purchase their first homes, hardly surprising given that the average property price in the state is now over a million dollars. To help first home buyers into the property market, the NSW Government has offered various...
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the...
Individuals often invest in property as part of their retirement planning, and pay stamp duty at the time of purchase. Subsequently, they establish an SMSF and wish to transfer the property from their personal names to their SMSF for tax reasons. This can be done in...
Buying off the plan means buying a property that has yet to be built or is still under construction. Your decision is based on the building plans and designs, rather than the completed structure. This article provides a concise summary on the key points and...
In negotiating a lease agreement, lots of terms are hidden in the fine print which significantly affect your rights and obligations so you must read the proposed agreement carefully. Not sure what’s important? Here are some key points to look out for: Key Terms of the...
We recently acted for a client involved in a co-ownership dispute. The wife owned 80% of the property and the husband owned 20%. We acted for the wife. When the husband died, he bequeathed his 20% share in the property to his minor children. His sister was the trustee...
