In 2004, a man and his wife entered into a contract to buy a property in Drummoyne for $1,530,000. At this time, the man’s father paid the deposit of $153,000 which was initially intended to be a gift. However, prior to advancing the rest of the $1,200,000, the father changed his mind and the man [...]
A husband and wife were searching for a new property to live in. They found a property which had a main house and a poorly maintained granny flat on it. The husband and wife were shown on the property title as owners. The husband’s mother, who was 62 and seeking to downsize, proposed to contribute [...]
Here are the most important things to keep in mind when selling a property with a pool: If you are selling a property with a swimming pool and/or spa, the Conveyancing Regulation Act 2010 will now require you to attach a copy of either: A valid certificate of compliance issued under the Swimming Pools Act; or An occupation [...]
In a recent case, a dispute arose surrounding a mature Blackbutt tree. A man on one property had lived in his house for many years. The neighbour of the adjoining property had purchased and moved in only recently. The new neighbour knocked down the original house on his land and built a large house and [...]
Home hunters will know that properties are often sold before they are actually constructed. This is referred to as buying “off the plan” and it works for people who want to secure the current market price of a property. With property prices in Sydney on the rise this has become a very common practice. However, [...]
In a recent case, two people were interested in a property in the North Shore which had been previously renovated by an owner-builder. Before the property was sold, the Council inspected the property to see whether an occupation certificate could be issued. Upon inspection, the Council did not identify any defects. It then issued an [...]