201711.29
0

Reverse Mortgage and Pensioner Loans: Are They Safe and Worth It?

in Blog, News

By Joe Vizzone You can’t eat bricks and mortar. Plenty of Sydney retirees are millionaires but they’re going hungry.  They all own million dollar houses but don’t have any cash and so they struggle financially and do without a lot of things they would like to be doing. More and more of them are looking…

201707.06
0

Legal Basics: What Does A Conveyancing Solicitor Do?

in Blog, News

One question that is often asked is why do you need a conveyancing solicitor and exactly what do they do? You get your pre-approval for your first home. After months of endless Saturday morning property inspections you finally decide that you have found your perfect place. You fire in an offer. The real estate agent…

201706.20
0

Off The Plan Investors To Pay Stamp Duty Upfront

in Blog, News

In the 2017-2018 budget the New South Wales state government has announced that investors who purchase off the plan will be required to pay stamp duty immediately, rather than up to twelve months later. The measure has been described by some as a way of not only increasing the government’s cash flow but also to…

201611.30
0

Unit Holders Can Be Forced Out For Development: New Strata Laws 2016

in Blog, News

New strata laws commence today, 30 November 2016 which mean that in some circumstances apartment/unit owners can be forced out of their unit in the name of development. Their are approximately 90 changes which equate to the biggest strata reform for over a decade. Most of the changes relate to the by-laws that can be adopted…

201605.03
0

Real Estate Witholding Tax

in Blog, News

By Joe Vizzone Property buyers should be aware that as from the 1st July 2016, purchasers of Australian real estate from foreign resident owners may be obliged to pay 10% of the purchase price to Australian Taxation Office as withholding tax. In an apparent crackdown on foreign residents not paying Capital Gains Tax on the…

201402.26
0

Key Changes To Strata Living

in News

By Joe Vizzone New Laws are set to come into effect in the latter part of 2014 regarding strata living which will impact on the hundreds of thousands living in strata complexes in New South Wales. Some will welcome the changes, others will decry them as another example of “Nanny State” legislation. Some of the…