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Conveyancing News

Skies are blue for first time home buyers as APRA loosens mortgage restrictions

Skies are blue for first time home buyers as APRA loosens mortgage restrictions

The Australian Prudential Regulation Authority (APRA) have relaxed their mortgage assessment guidelines, making it exceptionally easier for first home buyers to secure a home loan. APRA was established by the Australian Government in 1998 and oversees the activity of different institutions across banking, insurance and superannuation. They aim to maintain order to promote a stable […]

How to legally swap carspaces between apartment owners

Do you live in an apartment and want to swap car spaces with another owner? A strata scheme is a building or collection of buildings that have been separated into lots. These lots are typically known as apartments, units or town houses. In a strata scheme, lots are often allocated a car space which is […]

Caveats, the red flags of property law.

The word caveat simply means a warning or notice, and a caveat precisely does that. A caveat serves notice to all the world that someone has an interest in a property alongside the interest of the registered owner of that property. The caveat will not only inform everyone that you have an interest in the […]

Adverse Possession and Squatter’s Rights – What are they and could they affect you?

Bill Gertos, a Sydney based property developer and former accountant has been successful in litigating to become the legal owner of a $1.7 million Sydney home that he moved into after the death of the true owner. The house located at 6 Malleny Street in Ashbury was originally owned by Mr Henry Downie, who occupied […]
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