Building Contract Review: Be Aware of the Risks.

Are you about to build a new home? What can you do to protect yourself? The news is currently filled with “builder collapsing, leaving buyers out of pocket, without any hope of recovery.” Before signing that building contract, seek legal advice to understand the legal document that you are signing. At Castrikum Adams Legal we […]

Changes to First Home Buyer Initiatives from 1 July 2023

The NSW Government has expanded the First Home Buyer Assistance Scheme (FHBAS). From 1 July 2023, the transfer duty exemption threshold for new and existing home purchases by eligible first home buyers will increase from $650,000 to $800,000, and the concessional rate will increase from $800,000 to $1 million. From 1 July 2023, access First […]

Perusal and Preparation of Contract is Paramount

Prepare properly or you could pay in the end! Whether you are a purchaser, vendor or even agent, the purchase price is generally the biggest determining factor in a sale. Even if the property is prepared perfectly, marketed perfectly and is ripe for the perfect price, if a dwelling is not approved, there are easement […]

First Home Buyers Choice

PROPERTY TAX IN PLACE OF TRANSFER DUTY (Stamp Duty) The First Home Buyers Choice (FHBC) is a significant change in NSW legislation for First Home Buyers, especially for purchasers that need to spend above the transfer exemption and concession thresholds. This will be welcome news in the Northern Rivers where the median price is high. […]