New Protection for Off-the-plan Purchasers Against Unjust Cancellat...

Purchasers of off-the-plan residential properties will most probably have come across the term 'sunset clause' in their contracts for sale. What is actually a 'sunset clause'? A sunset clause is a common provision contained in a contract for sale of off-the-plan property by which either the ...

Buying off-the-plan

Basically, purchasing off-the-plan means you are buying a property that has not yet been built. The development can take a few years from the signing of the contract, which usually provides an estimated completion date. I get plenty of first home owners utilising this method of purchasing their f...

Buying a property in the name of your Self Managed Super Fund (SMSF)

I find that Self Managed Super Funds (SMSFs) are getting very popular and more people are buying properties in the name of their SMSFs. However when buying a property in the name of the SMSF there are a few points to consider.You have to first decide whether you are going to fund the purchase wit...

Why I hate off the plan apartments

I’ll come out and say it: my heart sinks every time a client comes to me with an off the plan contract to review.  Why?First, I like it when my clients are happy at the end of our involvement together.  And once off the plan apartments are FINALLY finished (usually way over the estimated timefram...

RISKS IN BUYING OFF THE PLAN

RISKS IN BUYING OFF THE PLAN Recent media attention has been given to some risks in buying off the plan such as when a buyer purchases an off the plan unit and at the end of waiting patiently for years for his home, the developer withdraws from the contract.  Although the buyer is disappoi...