Blog
I’ve been slow to address a breach of contract. Does that affect my right to terminate?
You enter into a contract with a builder to construct your dream home, and he takes a deposit. All is well until the project comes to a screeching halt. You try to call the builder every day for two months to find out why, but he doesn’t answer.
Why Do I Need to Give a Personal Guarantee when Buying via my SMSF?
When you borrow money through your Self-Managed Super Fund (SMSF), the bank will often ask you to provide a personal guarantee. This can be daunting, so it’s important to understand what this means and why it is required. In this blog post, we’ll discuss what a personal guarantee is and why the bank requires one when you are borrowing through your SMSF.
What to Expect When Attending an Auction
If you’ve never attended an auction before, you may be feeling a little overwhelmed and unsure of what to expect. Auctions can be exciting but also a bit intimidating if you don’t know the rules.
What is Transfer (or Stamp) Duty?
Transfer duty, also known as stamp duty, is a tax that must be paid when buying or transferring property in New South Wales. It applies to all types of properties, including residential and commercial, and is calculated using a set of predetermined rates. But what exactly is transfer duty and how can it affect you? Let’s take a closer look.
What is the NSW Government’s First Home Buyer Choice Scheme?
Thinking about purchasing your first home, and feeling overwhelmed by all the costs involved? We’ve got great news for you. The NSW Government has introduced the First Home Buyer Choice scheme to help lighten your load.
What is an Off The Plan Contract?
When it comes to purchasing a property, an off the plan contract is an agreement between the buyer and seller that allows for the purchase of a property before it is built. An off the plan contract offers buyers certain benefits, such as discounts and stamp duty savings, but there are some risks associated with it as well. This article will explain what an off the plan purchase contract is and what potential risks buyers should be aware of when signing one.
How Should a Company Execute its Contracts and Deeds?
Imagine that your company has a contract with a cleaning company to clean its premises daily. When the cleaner gets sloppy and does not comply with its obligations, you retain a lawyer to see whether you can terminate the contract.
Want To Do Renovations to your SMSF Purchase? Here is What You Need to Know
Self-Managed Super Funds (SMSFs) are a great way for Australian investors to save for retirement. But what happens if you want to renovate a property you’ve bought using the fund? There are some rules and regulations in place that you should know about before undertaking such a project. Let's take a look at what you need to consider when it comes to renovating an SMSF property.
What You Need to Know About Fixed Price Contracts
Fixed price contracts are a common agreement between builders and customers. This type of contract offers customers the assurance that they will pay an agreed upon rate, regardless of any potential changes within the scope of the project.
Limited Recourse Borrowing Arrangements Explained
Self-managed super funds (SMSFs) are becoming more and more popular in Australia. They offer flexibility, control, and the potential for higher returns than regular super funds. However, it’s important to understand all the rules and regulations of an SMSF before investing in one. One such regulation is limited recourse borrowing arrangements (LRBAs). It’s important to understand what LRBAs are before investing in an SMSF.
Be Careful When Terminating Building Contracts
Construction projects rarely go to plan. Subcontractors aren’t always reliable, developers run out of money, and costs blow out.
In What Ways is SMSF Conveyancing Different to Normal Conveyancing
Self-Managed Super Fund (SMSF) conveyancing is a specific type of conveyancing that involves the transfer of property from one party to another. It's similar to regular conveyancing, but there are some key differences that investors should be aware of before investing in an SMSF.
How To Buy a Commercial Property with your SMSF and Rent it Back to your Business
Self-Managed Super Funds (SMSFs) can be used to invest in a variety of assets. One such asset that has become popular amongst Australians is the purchase of commercial property for both rental and capital gains purposes. This post will look at how you can use your SMSF to buy a commercial property and then rent it back to your business.
Do I Need a Bare Trust for my SMSF?
When it comes to investing, understanding the tax implications of any financial product is essential. For Australians investing in a self-managed superannuation fund (SMSF), one of the most important considerations is whether they need to set up a bare trust. Let's take a closer look at what a bare trust is and why it might be necessary for your SMSF.
Buying Property via your SMSF
An SMSF (Self-Managed Super Fund) property is an investment option available to Australians that allows them to purchase a property and have the rental income pay into their superannuation fund.
Buying Off the Plan, and Things You Need to Know Before Signing on the Bottom Line
There are also many additional matters to consider when purchasing off the plan, versus when purchasing an already built home.