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Inside track: Property & Real Estate

23 September 2020

#Property & Real Estate

Inside track: Property & Real Estate

In the media

NSW

Limits on property tax relief could curb success of build-to-rent revolution, experts say
A new plan to revolutionise Sydney’s rental market and provide more long-term leases could be stymied by rules locking out small projects, developers and housing experts warn (06 September 2020).  More...

NSW will stop dodgy apartments from opening
Set to commence on Tuesday, the Residential Apartments Buildings (Compliance and Enforcement Powers) Act 2020 will give the NSW Building Commissioner new powers to act to stop dodgy construction (02 September 2020).  More...

In practice and courts

Announcements, Draft Policies and Plans released 2020

NSW

Two-year limit now applies for plan Certificate of Currency
From 1 September 2020, lodging parties must now submit a Certificate of Currency for plans lodged more that two years after the survey completion date. Surveyors can complete the Certificate of Currency using approved Plan Form 6CC available on the NSW Land Registry Services website (07 September 2020).  More...

Developers to lodge strata bonds through NSW Planning Portal
Starting 1 September is the requirement for developers to lodge the 2 per cent strata bond and associated documents via the NSW Planning Portal. This replaces the Strata building bond and inspections scheme e-Portal, which will remain available for existing projects. The bond provides a fund for the owners corporation for post-construction repairs. Compliance checks will ensure the correct bond is lodged.

Disclaimer
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this newsletter is accurate at the date it is received or that it will continue to be accurate in the future.

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