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Unfair Contract Laws to Impact Development and Property Financing
UNFAIR CONTRACT LAWS TO IMPACT DEVELOPMENT AND PROPERTY FINANCING April 2024 Changes to Unfair Contract laws, which commenced in November 2023, are likely to impact the availability and terms of development and commercial property finance for small and not so small developers and commercial property buyers. When does the amended law apply The broadened scope…
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NEW BUILDING LAWS EXPAND THEIR REACH
The changes to the regulatory regime applicable to the construction industry in New South Wales, which started in 2020-21, are still not fully understood in the industry. This is particularly the case in relation to repairs and renovations of strata residential buildings. The purpose of the new laws was to improve the standard of construction…
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How Easy Is It for Property Developers To Shift into Build-To-Rent Projects?
The property market continues to be significantly disrupted by inflation and high-interest rates. Buyers are increasingly considering whether they should defer the purchase of their home and accept that they will be renting for longer. Rental returns are improving for property owners due to the shortage of housing and an increasing population, driven predominantly by…
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Will you be better off under NSW stamp duty reforms?
REAL ESTATE FINANCE AND INVESTMENT ALERT July 2021 Will you be better off under NSW stamp duty reforms? As mentioned in our April 2021 Alert, in November 2020 the NSW Government issued a Consultation Paper, and subsequently received submissions, on a proposed new way of taxing property in NSW. The Government released its Progress Paper…
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