NSW strata laws are changing

Doug Daniell Brokers, Knowledge Centre Leave a Comment

  NSW strata laws are changing Strata laws are being modernised to meet the needs of living in a strata community in the 21st century. Over 90 reforms to the strata development and management legislation have been passed by the NSW Parliament and are expected to commence in the second half of 2016. Comprehensive changes to how strata schemes operate …

New foreign Investment Laws in Place

Doug Daniell Brokers, Knowledge Centre Leave a Comment

New foreign Investment Laws in Place 1 Dec 2015 Foreign Acquisitions and Takeovers Legislation Act 2015 became legislation on 1 December 2015. The legislation is an amendment to the Foreign Acquisitions and Takeovers Act 1975 which regulates foreign investment within Australia. The main points of the legislation relate to further refining definitions of foreign investors, fees to be charged for …

New NSW regulations to Protect Off the Plan Purchasers

Doug Daniell Brokers, Knowledge Centre Leave a Comment

17 November 2015 NSW Parliament today approved amendments to the Conveyancing Act 1919, strengthening protections for buyers who purchase properties off the plan. Minister for Innovation and Better Regulation Victor Dominello said the new laws are intended to prevent rogue developers from rescinding contracts using the sunset clause to make windfall profits. “The NSW Government has listened to the community’s …

Who Enjoyed that Storm?

Henry Daniell Brokers Leave a Comment

News from the Dog House How was that storm?  I have to say that Monday night was one of the most stressful that I have experienced for quite some time!  The evening is when I like to snuggle down; but instead, I had to go around barking at those thunderclaps to keep them away – which seemed to do the …

Would I Suit a Black Coat?

Henry Daniell Brokers Leave a Comment

News from the Dog House Last week was as action-packed as ever. Midweek we had a presentation from non-bank lender Mortgage Mart. These lenders are increasingly important for property investors now that the banks are making it harder to get an investment loan. I always say to my young pups that they need to stay abreast of changes in the …

Is Your Loan Out-of-Date?

Graeme Salt Brokers Leave a Comment

Everyday, prompted by pressure from the government, banks are changing their lending policies. What happens if, last week, your bank indicates you will get a loan approval, but this week they decline you? Let’s face it, if the lending manager from the ‘National West Commonwealth Bank ANZ’ declines you, they are hardly likely to want to send you to the …