by AntcliffeScott | Aug 15, 2022 | Commercial Property & Land Use, General, NSW Government, Property Market, Property Options
There has been a recent important change to the law regarding the imposition of state duties on property options in NSW, which will impact option agreements in real estate acquisitions. With effect from Friday 20 May 2022, the Duties Act 1997 has been amended to...
by AntcliffeScott | Sep 16, 2021 | Building Industry, Commercial Property & Land Use, Investments, Property Law, Property Market, Residential Property
As some of you may already be aware the NSW Government has declared that from 11 October 2021 paper titles will be abolished (‘cessation day’). Pursuant to Section 33AAA of the Real Property Act 1900 from the cessation day all current title deeds will have no legal...
by AntcliffeScott | Jul 30, 2021 | General, Guarantor Loans, Home Loans, Property Market
Rapidly rising house prices have seen the median price of homes across major cities hit record highs. In Sydney alone, the median price has increased 8.5% in the first quarter of the year, soaring to $1.3 million (the fastest quarterly gain in almost 30 years). This...
by AntcliffeScott | Aug 6, 2019 | Commercial Property & Land Use, Property Law, Property Market
We live in a high-rise age. Whether it’s Sydney, Melbourne, Brisbane or elsewhere, in CBDs, along transport routes, and in other key suburban hubs the tiled rooves and backyard veggie gardens are being replaced by residential towers. With 90,000 high-rise residential...
by AntcliffeScott | Sep 6, 2018 | Commercial Property & Land Use, General, Property Law, Property Market
“It’s the vibe.” It’s a short but most memorable line in the classic Australian movie “The Castle” –suburban lawyer Denis Danuto’s heartfelt plea to the Court, as he argues to save the Kerrigan family home from acquisition for an airport expansion. I thought of this...
by AntcliffeScott | Jun 6, 2018 | Commercial Property & Land Use, Property Law, Property Market
As of 1st July 2018, a Federal Government plan aimed at sealing a multi-million-dollar revenue hole will make buying new property more complicated. When a developer sells a new property, the price includes GST, so the developer must pay 1/11 to the Australian Tax...
