When purchasing or developing property in New South Wales, a 10.7 planning certificate which is sometimes referred to as a zoning certificate is an essential document of any contract of sale. Issued under Section 10.7 of the Environmental Planning and Assessment Act 1979 (NSW), this certificate provides vital information about zoning and planning controls that […]
What will happen on Settlement Day?
Settlement day is a significant milestone in the process of buying or selling a property. It marks the finality of the transaction, where the buyer gains ownership, and the seller receives the sale proceeds, it can also be extremely stressful day for everyone involved. Settlement day is the official date when the property title and […]
Transferring Property Between Family Members – Key Considerations
Transferring property between family members is a common practice, often driven by a desire to facilitate inheritance, support loved ones, or streamline estate planning. While the intention behind such transfers is usually rooted in familial bonds, navigating the legal and financial aspects of the process requires a practical and pragmatic approach. This article explores key […]
Helping Your Kids Step into the Property Market
Buying a first home has always been a financial challenge, but housing affordability in Australia has declined so much in recent decades that younger generations are struggling to gain entry to the property market at all. As a result, more parents wish to take practical steps to help their children step onto the property ladder. […]
Risks in Off the Plan Property Purchases in NSW
In the dynamic real estate landscape of New South Wales (NSW), the allure of purchasing property off the plan is undeniable. This avant-garde approach allows buyers to secure a property before its completion, often at a competitive price. However, beneath the promise of a future dream home or lucrative investment lies a legal terrain fraught […]
Top Traps to Avoid When Buying a Property
Buying a home is the biggest investment or financial outlay that most of us will make in a lifetime. It is critical to your financial future that you make well-informed decisions when you purchase a property, whether it be for your own home or an investment. The Contract for Sale of Land basically follows the […]