Property and Projects

magnifying glass in hand, a businessman
New Foreign Acquirers Duty

On 1 October 2016, the new Chapter 4 of the Duties Act 2001 (Qld) (the Act) introduced the Additional Foreign Acquirers Duty (AFAD). As with any new legislation it comes laden with detail, which can be difficult to wade through and understand the impacts for you or your clients.

transfer to the buyer of the house key  of hands
Purchasing as trustee

Reap the benefits, not the consequences! Trusts and self-managed superannuation funds (SMSFs) are becoming increasingly popular structures for the purchase of properties, particularly where investment properties are concerned.

Avoid getting sued

Five tips for real estate agents to stay out of the firing line. Real estate is a tough game, with tough rules. For agents, this means that there are a lot of ways you can slip up and potentially land yourself, and your agency, in hot water.

Business Man With Coffee and Newspaper
Time to talk up the market

It seems that we can’t open a newspaper at the moment without reading negative reports about the real estate market. All this negativity is feeding more negativity, and ultimately damaging our industry.

magnifying glass in hand, a businessman
Total disclosure: What needs to be included in a disclosure statement?

Full disclosure when selling a property isn’t just ethical – it’s the law. Failure to comply with disclosure requirements could lead to a buyer terminating the contract, costing real estate agents and their clients serious dollars.

Hands giving passport
Everyone’s a foreigner: New CGT withholding regime

The Australian government is ramping up efforts to collect tax from foreign residents selling property within Australia. Rather than relying on the vendor to comply, the recent Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016 shifts the responsibility to the purchaser.

Man signing a contract when buying a new house
Four tips for drafting special conditions

Although the standard form Contracts of Sale issued by the Real Estate Institute of Queensland and the Queensland Law Society are sufficient for most property sales, frequently sellers and buyers will request special arrangements for their transactions which are required to be recorded as special conditions.