Checklist for preparing to sell your home
Checklist for preparing to sell your home Preparing to sell your house involves careful planning and attention to detail. Here’s CML Lawyers comprehensive checklist to guide you through the process: 1. Evaluate Your Finances completed Determine how much you owe (if anything) on your current mortgage. ☐ Calculate your estimated equity in […]
Checklist for first home buyers
Buying your first home can be an exciting but daunting process. Here’s CML Lawyers easy to follow checklist tailored for first home buyers to make the buying process as easier as possible: 1. Financial Assessment completed Calculate your budget: Determine how much you can afford to spend on your first home. Consider factors like your […]
STRATA LAW – Off the Plan Doesn’t Go To Plan
STRATA LAW – Off the Plan Doesn’t Go To Plan Retail Unit Manifestly different from Plan Many investors buy “off the plan”. It can be a good way to get in early, but what if it doesn’t all go to plan when it is built? In 2017, a buyer bought a retail […]
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 […]