Massive Changes to Real Estate Legislation across Australia! | Jared Zak
Update: 2024-11-04
Description
00:00 – How to legally hide the sale price (and why would you want to)
09:54 – Can you show a property without a contract?
12:49 – Massive changes to contracts in QLD starting 1 Aug 2025. This is the biggest change in QLD in the last decade.
17:30 – Stamp Duty reform in VIC
22:41 – NSW will be banning no-fault terminations of residential leases as of 2025
Key takeaways:
- There’s always been a way to conceal the identities of the buyer and sell and that's through companies and trusts. “What I've worked out - at least with the New South Wales Land Registry - is how to conceal the price." - Jared Zak
- New regulations in Queensland will impose significant liability on whoever drafts property contracts. This means buyers will potentially be able to rescind right up until settlement.
- Victoria's new stamp duty concession is not just for first-time homebuyers, it's for everyone, including investors regardless of sale price.
- From 2025, the New South Wales Government will ban no-fault termination of residential leases. This is in line with other states' trends, putting more pressure on landlords.
Jared Zak is the Principal Solicitor & Founder of Dott & Crossitt. He has around 20 years of experience in law and finance. Connect with Jared Zak
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