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GST changes for new residential properties
Property Law
The Commonwealth Treasury has released an Exposure Draft of the Treasury Laws Amendment (2017 Measures No. 9) Bill which proposes a new goods and services tax (GST) withholding regime for new residential premises or new subdivisions of potential residential land as announced in the 2017-2018 Federal Budget.…
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Adverse Possession – former laneways
Property Law
Reports in the Preston Leader of Reservoir property owner, Greg Goldenberg gaining title to a discontinued laneway under adverse possession laws demonstrates that successful outcomes are possible despite the need to tiptoe through a legal minefield (click here for the article). The law of adverse…
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Concerns over privatisation of Land Use Victoria
Property Law
Rob Bradley spoke to Judy Ann Steed on community radio 3MDR today on behalf of the Law Institute of Victoria on the subject of the proposed privatisation of Land Use Victoria or “LUV” (the Office of Titles). He said that the Institute and its members…
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Proposed changes to Residential Tenancies Act
Property Law
The Andrews Government this week announced changes to the Victorian Residential Tenancies Act 1997(Vic) (“Act”)aimed at giving tenants greater powers, information and security in relation to residential renting arrangements. The changes come as a result of the Government’s review of the Act. Some of the proposed…
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Building Insurance – Oh what a tangled web we weave
Property Law
There is a wonderful scene in the film “A Beautiful Mind”, where Alicia, the wife of mathematician John Nash stumbles into a shed, the walls of which are covered with snippets, parcels of information joined by a spider’s web of inter-connected threads, linking one idea…
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More Covenants Varied
Property Law
Aitken Partners has successfully applied for the variation of two single-dwelling restrictive covenants affecting a double-block in Altona. As a result of an Order of the Supreme Court made on 4 November, the client is now free to apply for a planning permit to erect…
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Land Tax for Filled and Potentially Contaminated Land
Property Law
VCAT Review of Assessment When industrial land is known to have been filled in an uncontrolled manner over many years and there are concerns that it might contain some contaminated material, to what extent should its value be reduced? That was the question that confronted…
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New Vendor Section 32 Statements
Property Law
Amendments to the Sale of Land Act require changes to be made to the form of and information contained in Vendor Statements required to be given to purchasers before the sale of real estate. The changes commenced on 1 October 2014. Check List If the real estate…
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Property War Stories: Check off the plan duty calculations and save
Property Law
99.9% of clients accept that when purchasing ‘off the plan’ there will be a (stamp) duty saving. Only a few check the amount of the saving when settlement comes around. A recent Aitken Partners’ file demonstrates the advantage of doing so. Client purchased an apartment…
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They widened the Road
Property Law
The purchase of a development site on the fringe of Melbourne suburbia provides another example of a ‘simple, straight forward’ purchase needing the input of an experienced and diligent lawyer to prevent things going horribly wrong. The property concerned had major roads on two sides.…
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