The First Home Loan Deposit Scheme (FHLDS) is designed to help low to middle-income earners enter the property market. Previously, most banks required a minimum deposit of 20% of the property’s value. However, with the Government’s new deposit scheme, first time home buyers are allowed to pay a deposit of as little as 5%. This will help them buy a home sooner.Continue reading First Home Loan Deposit Scheme
Effective from 1 July 2018, the Federal Government has amended the GST law with respect to the sale of residential property. If you are selling:
1. New residential premises; or
2. Potential residential land, Continue reading GST On The Sale Of Residential Property – Another Tax On Sellers
An increasing number of Gold Coast locals using sharing-economy accommodation giant Airbnb have approached ABKJ Lawyers with concerns regarding their liability under Gold Coast local law. Many of them have approached us following receipt of a Show Cause Notice from the Gold Coast City Council – a document which, in most circumstances – effectively requires them to immediately cease their Airbnb operation or face severe financial penalties (on the basis that the correct planning approvals have not been obtained).
Continue reading Airbnb On The Gold Coast: The Home-Based Business Exception
Part 2 – Local Council Regulations
This is the final part of a two-part article on the issue of the regulation of Airbnb listings. Part one of this article can be found here.
Irrespective of whether or not a lot is in a community titles scheme, local council regulations will apply. Continue reading Airbnb & The Law On The Gold Coast
Launched in 2008, San Francisco-based hospitality marketplace Airbnb is presenting uniquely modern hurdles for regulatory systems ill-prepared for sharing economy services. The website, which allows lot owners to rent out their spaces; whether a whole apartment in Surfers Paradise, a treehouse in the Currumbin Valley, or a bedroom in Robina, has proven to be a popular alternative to traditional models of accommodation. Continue reading Airbnb & The Law On The Gold Coast
The latest Federal budget proposed a number of amendments to the capital gains tax regime. A particular focus of these changes are directed to addressing housing affordability in Australia while also seeking to improve compliance by foreign investors of their tax obligations. These amendments built upon regulations introduced in last year’s budget.
Changes Under The Retail Shop Leases Act
Are you fully aware of your disclosure obligations under the Retail Shop Leases Act 1994? Continue reading Assignment Of A Lease
When you purchase property with another person, your solicitor will ask you: Joint Tenants or Tenants in Common?
The purpose of this article is to explain the difference between these terms and how your decision can affect you in the future, particularly from an estate planning perspective. Continue reading Joint Tenants vs Tenants in Common
The issue of footsteps on the ceiling (and noise generally) in strata titled buildings is a vexing issue for many committees and owners. Given the increased propensity towards high density living in our cities, this is an issue that isn’t going away. Continue reading Elephants on the Ceiling