The Australian Federal Budget (‘Federal Budget’) for 2023 holds particular significance for the real estate sector as it shapes Australia’s path to easing the threshold for property ownership and the impacts of the housing crisis. Home Guarantee Scheme Overview The Home Guarantee Scheme (‘Scheme’) in Australia is a government initiative aimed at assisting 35,000 eligible … Read more
Property developers and owners need to determine if their land is affected by any restrictive covenants before developing or conducting works on the land or property. What is a Restrictive Covenant? A restrictive covenant is an agreement that restricts the use or enjoyment of a landowner’s land and how the land may be developed. … Read more
What is a Plan of Subdivision? The Plan of Subdivision is a registered Plan drawing (recorded in the Land Registry) that records land boundaries, land size, and placement of easements of the property. To subdivide your property, an application is made to the Land Registry for a new Plan of Subdivision to be recorded in … Read more
What is adverse possession? When you purchase a property, you receive the title for that parcel of land. Adverse possession is an act to claim land that does not belong within your registered title. Common examples of adverse possession include inadvertently fencing off a neighbour’s land without their consent or knowledge, or restricting public access … Read more
If you are selling your property and have had building works constructed by yourself or someone who is not a registered builder, you are required to provide a Section 137B Report in the contract of sale. What is Section 137B Report? A Section 137B is an inspection report that discloses if there are any … Read more
You may have heard this term ‘covenant’ or ‘restrictive covenant’ when looking into property. But what exactly is it? And why is it important for property buyers and sellers? What is a restrictive covenant? A restrictive covenant, or more commonly known as just a covenant, is a private agreement or contract between neighbouring landowners. … Read more
Purchasing a block of land is an exciting process to bring to life your dream home on a blank canvas. However, we have seen mistakes you can try to avoid. In addition to planning permit requirements and specific regulations, there are various other means by which property development can be restricted, including the following: Easements … Read more
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