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Supreme Court Case highlights the importance of getting the GST clauses right in contracts

15 Nov 2016

The Supreme Court of Victoria has found that GST was not to be added to the purchase price payable under a contract of sale in the case of A&A Property Developers Pty Ltd v MCCA Asset Management Ltd [2016] VSC 643.

What you need to know about changes to residential mortgage lending

14 Nov 2016

Since December 2014, the Australian Prudential Regulatory Authority (APRA) has been closely monitoring residential mortgage lending practices and encouraging continuous improvement to enhance the quality of loan underwriting. In particular, investor lending and interest-only lending have been under the spotlight.

Western Australia State update

10 Nov 2016

Greater transparency for people buying or selling property in Western Australia will be achieved with the introduction of new codes of conduct for real estate agents, sales representatives, settlement agents, and land valuers.

South Australia update

10 Nov 2016

The latest approvals data provides a glimpse of optimism for South Australia’s building and construction industry.

Queensland update

10 Nov 2016

In early October 2016, the Queensland Government announced their Advancing our Cities and Regions Strategy which involves renewing and repurposing surplus and underutilised land held by the State to deliver eight economic and community zones.

New South Wales update

10 Nov 2016

In September 2016, the NSW Government announced that it was on track to deliver its biggest ever government agency leasing commitment in Western Sydney.

Melbourne’s fastest selling new development, Woodlea

10 Nov 2016

A conversation with Mr Peng Hong Wong, Executive Director of Victorian Investments & Properties Pty Ltd (VIP), developer of Melbourne’s fastest selling new development: Woodlea.

Calculating the GST you can claim: Tribunal decision affecting retirement villages

10 Nov 2016

Those looking to apply an outputs-based method to recover input tax credits will have kept a keen eye on the outcome of RSPG v Commissioner of Taxation [2016] AATA 687 concerning the recovery of input tax credits from the construction of a retirement village.

Transfer duty and land tax reforms affecting foreign property investors

10 Nov 2016

Many of the States have recently been moving away from subjecting the transfer of business assets that are not real property to transfer duty. However, foreign property investors on Australia’s East Coast are being subjected to additional transfer duty and land tax as the eastern States look to replace this lost revenue.

A message from Global Head of Real Estate and Construction, Sian Sinclair

10 Nov 2016

The Australian Real Estate & Construction industry continues to be a cornerstone of the local economy, encouraging innovation and new development across the country.