Lawyers Conveyancing provides conveyancing services to consumers who are making their way through the real estate maze, particularly those who are buying or selling for the first time. As a community service, articles and updates on issues such as real estate auctions, buying, selling, and the law relating to contracts and Section 32 Vendor Statements sourced by Lawyers Conveyancing are presented as a newsflashes. Here is another article for your information and comment: HAZMAT expert warns some...
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Lawyers Conveyancing provides conveyancing services to consumers who are making their way through the real estate maze, particularly those who are buying or selling for the first time. As a community service, articles and updates on issues such as real estate auctions, buying, selling, and the law relating to contracts and Section 32 Vendor Statements sourced by Lawyers Conveyancing are presented as a newsflashes. Here is another article for your information and comment: An island paradise has...
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My boyfriend and I bought a house this year. When we first inspected it, I almost fell through the holes in the creaky old floorboards. The lime-coloured paint was peeling off the walls, there was a bug problem, and the sewerage system had given up months before (the smell alone probably put off most of our competition.) But the thing is, even though it required a total renovation, it still cost us over $800,000 for a teeny two-bedroom terrace....
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$1 million gets you a run-down terrace in Sydney. Or THIS in Malibu or Paris It’s expensive to live in Australia. Beautiful and delightful etc etc, but SO EXPENSIVE. And it’s not just you and us and everyone you know complaining about the living costs here. A study has just confirmed that Australian housing prices are the most inflated in the world. According to a global housing review from the Bank of International Settlement, Australia is up...
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FAIR Trading authorities and the corporate cops are probing “Australia’s No.1 wealth creator”, a real estate investment club through which 14,000 people across Australia have bought 17,000 properties. The Queensland Office of Fair Trading’s investigation into Brisbane-based Property Club, founded by Kevin Young and previously known as The Investors Club or TIC, is understood to be covering allegations that club members have been misled by claims that: ● Recommended properties are the “cream of the...
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Shashi Kanta Prasad, of Chipping Norton, New South Wales, has been convicted of four charges of fraud, in relation to creating false loan documents to secure mortgages totalling more than $3.6 million. Although the ASIC investigation led to the conviction, Prasad was noted to have acted in full cooperation, a fact which was taken into account to in the conviction and decision to grant Prasad an 18 month good behaviour bond. Prasad created false loan...
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A Redcliffe real estate agent has been fined $10,000 and ordered to pay over $39,000 by the Queensland Administrative and Civil Tribunal (2 July 2014) for wrongful conversion of trust monies. Jason Hoppner was found guilty of multiple charges bought by the Office of Fair Trading. The tribunal heard the most serious charges related to rental monies that were due to be paid to five different landlords accounts but were diverted into three different bank...
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One of the country’s biggest real estate agencies, Ray White, has stunned the financial services industry by setting up a financial planning arm at a time when the sector is suffering from a crisis in confidence following a series of scandals. An Australian Financial Services Licence (AFSL) is imminent and the family real estate business, which has a network of 750 real estate agencies across Australia and 500 mortgage origination brokers, is expected to open its financial...
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COUNCILLORS have sensationally voted to reject a controversial Currumbin mosque despite their own legal advice warning them the decision would not stand up in court. The Gold Coast City Council yesterday voted 9-6 in favour of rejecting its own planning committee’s decision to approve the development, setting the stage for a multi-million legal battle in the Planning and Environment Court. It comes after fiery protests at the Evandale council chambers yesterday morning against the mosque...
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Parliamentary inquiry to examine ‘what really happened behind closed doors’, says Greens MP David Shoebridge An inquiry will investigate controversial planning decisions in the NSW Hunter region amid allegations Liberal MPs received illegal donations from developers. The newly formed parliamentary inquiry will examine contentious projects in Newcastle and the Hunter, such as the Newcastle Urban Renewal Strategy, the Whitebridge housing development and the truncation of the Newcastle rail line. [More…]
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