With lots of people coming off fixed rates right now, it’s no surprise that an enormous amount of refinancing is occurring, as borrowers look to switch to lower-rate loans.
The latest Australian Bureau of Statistics (ABS) data has revealed that borrowers did $20.60 billion of refinancing in August – which was 3.9% lower than... |
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Adding Further Building Defects to an Existing Claim
On 17 April 2023, the New South Wales Court of Appeal in the case of Parkview Constructions Pty Ltd v The Owners – Strata Plan No. 90018 (Parkview), confirmed that an owners corporation can add new defects to an existing claim if the statutory warranty period in the Home Build... |
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The facts:
The combined value of residential real estate in Australia rose to $9.4 trillion at the end of March, from $9.3 trillion in the previous month.
Dwelling values in Australia are -8.0% lower over the past 12 months, the largest annual decline on record.
Capital city home values are taking longer to sell, with median days on... |
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If there is asbestos at your property, or a property you manage, remember that since 14 October 2022, SafeWork NSW inspectors have been able to issue on-the-spot fines to workers who do not follow asbestos safety procedures.
For more information, including a list of licensed asbestos professionals, visit the Safe Work NSW asbestos ... |
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Property and Stock Agents Amendment (Solicited Rent Bidding) Regulation 2022
From 17 December 2022, the rules of conduct have been updated to prohibit agents from soliciting rent bidding.
A real estate agent or assistant real estate agent cannot solicit or invite an offer of rent that is higher than the advertised price for a residenti... |
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