Two Strikes and You’re Out – Short Term Rental Code
Two Strikes and You’re Out – Short Term Rental Code The NSW Government has given property investors and their neighbours a special Christmas present. From 18 December 2020 a new Code of Conduct applies in NSW to all short term letting. Media attention has been on the tighter rules for unruly guests with “two strikes […]
When helping your kids get into the property market can backfire
When helping your kids get into the property market can backfire Parents can contribute funds to help their children buy a home or investment. But what happens, years down the track, when the child leaves a marriage or de facto relationship? Peter McNamara wrote previously about the case where the courts found that a daughter […]
First-Home Buyers, stamp duty relief and parental loans that become gifts
First-Home Buyers, stamp duty relief and parental loans that become gifts From 1 August 2020, first-home buyers in NSW will save stamp duty of up to $31,355 for purchases of new homes up to $800,000 (up from $650K), with the saving phasing out at $1 million and for vacant land up to $400,000 (up […]