BUYING PROPERTY WITH A PARTNER, PROTECT YOUR ASSETS

Are you planning on purchasing a property with a partner, to live in or as an investment? Are the contributions to the property by each party (either initial or ongoing) unequal? Are you satisfied that your financial interests and assets you have acquired prior to the relationship are protected? Are you concerned that you may…

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WHEN SALES TALK IS NOT ‘MERE PUFFERY’

Written By Andrew Dunncliff A statement by a real estate sales agent to a potential purchaser or in advertising may be only sales talk (called “puffery”) or it may actually be a statement of fact. Sales talk is language used that no reasonable person should take literally and rely on. “A charming house in a…

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PROPOSED LAND TAX AGGREGATION LAWS FOR SA

Written by Elias Farah, Principal Partner The South Australian State Government announced on 18 June 2019 that measures would be taken to help close and prevent “loopholes” that exist which enable owners of multiple properties to pay less land tax. Put simply, the intention of the State Government is to aggregate (i.e. group) land held…

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FOREIGN BUYERS & PROCESSING FIRB APPLICATIONS

Whilst the introduction of the foreign stamp duty surcharge in SA has reduced the number of foreign buyers, we have noticed that they still remain active in the market and also noticed that both foreign buyers and agents alike require prompt assistance in how to secure sale contracts with foreign buyers and then obtain FIRB…

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GONE ARE THE DAYS OF A FACE-TO-FACE FORM 3 WAIVER

(Written by Commercial & Legal for REISA) We understand that getting a Form 3 Waiver for your client is always urgent – especially if an auction is scheduled for the next day! Whilst the traditional process of locating a lawyer who does Form 3 Waivers is your first priority, you then have to consider the…

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