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Covid-19 July Lockdown Extended
1 July 2021
"How the Recent COVID-19 Restrictions Will Affect the NSW's Real Estate Industry"
To limit the spread of the "delta" strain COVID-19 virus, the NSW State Government has placed restrictions. The new restrictions placed will bring a new environment, affecting real estate open homes and auctions.
Restrictions in...
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Plumbing Issues in a Strata Scheme
16 June 2021
What is the Plumbing Issue in a Strata Scheme?
The strata title is a form of ownership entitled to the owners of apartment blocks or subdivisions with common shared areas. Within the common shared areas, most of the issues are handled by the owner's corporation. The owner's corporation is formed to represent the lot owners i...
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Australian Housing Values Reach Record High
30 March 2021
Housing values continue to rise through 2021 with the national value increasing by 0.9% over the month of January.
The increase in January and the continual growth of pricing places Australian property values at a record high with the value surpassing the levels seen pre covid by 1%. The value is higher by 0.7% when compared with th...
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Evictions During Covid-19 Reforms
11 March 2021
The real estate and property industry reforms, which began on 23 March 2020, included transitional arrangements for the COVID-19 Rental Moratorium Measures due to expire on 26 March.
https://www.fairtrading.nsw.gov.au/resource-library/publications/coronavirus-covid-19/property/moratorium
In 2020 the NSW government implemented me...
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The Right Renovation Approvals
27 January 2021
Recently NCAT has offered guidance on how owner corporations are to approve renovations completed by owners. The below case produced a surprising outcome and will most likely amend practices that many owners abide by in seeking approval for renovations from the owner's corporation. Case Strata Plan No. 63731 v B&G Trading Pty Ltd...