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Conveyancing News

New requirements for off-the-plan contracts from 1 December 2019

New requirements for off-the-plan contracts from 1 December 2019

The NSW Government has announced changes to off-the-plan contract laws which are set to take effect from 1 December 2019. These changes will apply on the commencement of the Conveyancing (Sale of Land) Amendment Regulation 2019 and Conveyancing Legislation Amendment Act 2018. The key changes are listed below. Disclosure Statement The new laws will require […]

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 […]
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