Buying a first home has always been a financial challenge, but housing affordability in Australia has declined so much in recent decades that younger generations are struggling to gain entry to the property market at all. As a result, more parents wish to take...
A conveyancing transaction involves transferring the legal title (ownership) of real estate from one party to another. For most people, buying or selling property is one of the highest-valued transactions they will ever make, and the legal work is usually referred to...
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...
An option clause is a term in a commercial lease that allows a tenant to renew their lease at the end of the original lease period, if they meet certain conditions. Landlords are not obliged to offer a renewal option. However, it is often in the interests of both...
Worried about the risks of buying off the plan? The NSW Government recently released a discussion paper proposing reforms to off the plan contracts and restrictive covenants, aiming to improve transparency and certainty for home buyers while maintaining flexibility...
Do you intend to buy property as a trustee of a discretionary trust? If so, it is important to examine whether the trust deed protects you from foreign surcharges on duty and land tax. Many Australian citizens and residents unknowingly incur foreign surcharges, facing...
