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NSW Government launches public consultation to abolish Stamp Duty on property purchases

November 2020 NSW Government launches public consultation to abolish Stamp Duty on property purchases The NSW Government has announced in its recent State Budget a property tax model it says will make home ownership more achievable. The proposal would provide home buyers with the option of paying either a large lump sum up front (similar [...]

By | 2020-12-02T22:49:26+11:00 November 24th, 2020|News|Comments Off on NSW Government launches public consultation to abolish Stamp Duty on property purchases

NSW Government interest free loans to Owners Corporations to fix cladding crisis

November 2020 NSW Government interest free loans to Owners Corporations to fix cladding crisis The NSW Government has announced in the State budget the establishment of a $930,000,000 fund to allow Owners Corporations to take interest free loans to remove and replace unsafe cladding in approximately 225 strata buildings identified as “high risk”.  The Government [...]

By | 2020-12-02T21:51:41+11:00 November 19th, 2020|News|Comments Off on NSW Government interest free loans to Owners Corporations to fix cladding crisis

Blanket Ban on Pets in Apartments Now Lifted by NSW Court of Appeal

October 2020 Blanket Ban on Pets in Apartments Now Lifted by NSW Court of Appeal One of Sydney’s biggest apartment towers, the 260-apartment Horizon in Darlinghurst, has lost their four-and-a-half-year long battle to ban owners’ pets from their buildings.  Horizon was struck down in a NSW Civil Administrative Tribunal finding, where tribunal members agreed with [...]

By | 2020-12-02T21:54:26+11:00 October 13th, 2020|News|Comments Off on Blanket Ban on Pets in Apartments Now Lifted by NSW Court of Appeal

Purchasing an Apartment? Beware of Cladding!

September 2020  Purchasing an Apartment? Beware of Cladding! Avoid costly mistakes when you find your dream apartment or investment unit by making sure you always check for combustible cladding.  External combustible cladding presents a severe fire safety risk to all occupants of buildings. Concerns have been raised following the 2017 fire at London’s Grenfell Tower [...]

By | 2020-12-02T22:48:11+11:00 September 21st, 2020|News|Comments Off on Purchasing an Apartment? Beware of Cladding!

New Grant Available

Regional Relocation Grant The Regional Relocation (Home Buyers Grant) Act 2011 will operate for four years, commencing 1 July 2011. The scheme will provide applicants with a one-off payment of $7,000 to assist them with the cost of relocating from their metropolitan home to a regional home. The metropolitan area means the local government areas [...]

By | 2020-11-21T15:20:05+11:00 April 8th, 2017|News|Comments Off on New Grant Available

Single National Network Conveyancing

The nation's only electronic conveyancing system is to be sacrificed to make way for a single national network. The decision to eliminate Victoria's $50 million system, known as ECV, was announced yesterday as part of a series of deals intended to cut the cost of buying a home by between $120 and $130. The national [...]

By | 2020-12-02T22:49:16+11:00 April 8th, 2017|News|Comments Off on Single National Network Conveyancing

First Home Benefits 2012

From January 2012 an eligible first home buyer will pay no stamp duty on the purchase of a new home, an off the plan purchase or vacant land with value up to $600,000 for new or off the plan and $450,000 for vacant land. For more information visit: www.osr.nsw.gov.au/benefits/first_home/faqs/first_home/

By | 2020-11-23T09:58:04+11:00 April 8th, 2017|News|Comments Off on First Home Benefits 2012

7000 First Home Buyer Grant Scrapped

In its latest budget, the NSW Government has scrapped the $7,000 grant for first homebuyers, but investors who plan to buy a new property will receive incentives up to $35,240. From 1 October 2012, first homebuyers who buy a new property worth up to $650,000 will see their grant more than double to $15,000. This [...]

By | 2020-11-21T13:40:00+11:00 April 8th, 2017|News|Comments Off on 7000 First Home Buyer Grant Scrapped

Fire Safety Aged Care

Across NSW, over 60,000 people live in Commonwealth Government-accredited residential aged care facilities. A survey of Commonwealth accredited facilities in NSW, undertaken in early 2012, revealed that nearly 600 buildings containing 24,000 beds do not have sprinklers installed. This represents an estimated 55 per cent of existing residential aged care buildings. On 16 August 2012, [...]

By | 2020-12-02T21:59:43+11:00 April 8th, 2017|News|Comments Off on Fire Safety Aged Care

Your Pool Safe

The NSW state government has announced proposed legislation that will regulate safety compliance for an estimated 340,000 backyard pools in New South Wales. Pools will be required to be listed on a mandatory statewide register which will involve a new set of safety compliance obligations. How does the affect your sale or lease? The [...]

By | 2020-12-02T21:45:45+11:00 April 8th, 2017|News|Comments Off on Your Pool Safe