The proportion of inaccurately quoted price guides dropped by a third in February 2016 compared to last year, according to statistics released on Tuesday by property price prediction company RealAs. In February 2015, agent underquoting hit an average of 13.9 per cent, compared to 9.7 per cent in 2016, according to the Sydney Morning Herald story. It is […]
AGENTS not trained in property valuations will struggle under new legislation targeting underquoting, according to the Real Estate Institute. NSW President Malcolm Gunning said current courses – some as short as a few hours – will not be sufficient for new laws introduced on January 1. According to The Daily Telegraph story, the changes will […]
Tougher financial penalties now apply with the introduction of strict new rules around foreign property investment in Australia, according to a recent article in The Sydney Morning Herald. The Australian Taxation Office is now in charge of overseeing foreign residential property investment, with 50 compliance officers charged with investigating potential breaches of the law. According […]
While it is often overlooked in the media hype about Sydney’s property market, areas around the south-west and north-west of Sydney have been experiencing a major boom in development and investment over the past few years. It also looks like that growth is set to continue and even accelerate. New South Wales is projected to […]
How the real estate property valuation process works in divorce and separation disputes There are a number of instances where real estate property valuation experts are required to provide information as expert witnesses during proceedings in Australian courts of law. Determinations related to the division of real estate property following divorce or separation is one […]
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