On 1 July 2019 the Residential Tenancies (Healthy Homes Standards) Regulations 2019 (Standards) come into force. The Standards set minimum requirements landlords need to meet for tenants in relation to heating, insulation, ventilation, moisture and drainage and draught stopping. In this article we seek to dispel some of the myths and 'fake news' around this legislation to give you the run-down on what you'll need to do to meet the requirements.
It's unlikely that the first home you buy will be your forever home. As your family grows or your salary increases you may find yourself wanting to upgrade your current home to one with more rooms, different features, or in new area of town. However, like many people, you may find yourself in the predicament of having to sell your current home in order to finance your next one.
A co-ownership agreement might just save your friendship With the average house prices rising, getting on the property ladder can be harder than ever - especially if you're single and don't have the benefit of two incomes to draw upon. Perhaps you have a decent deposit but your cash flow isn't the best, or maybe it's the reverse, you have great cash flow but it's going to take you a while to save enough for the 10-20% deposit most banks require to approve your mortgage.
Buying your first home can be a very daunting experience. Not only are the sums involved absolutely mind-blowing but buying a home has a few knock-on costs that need to be factored in. From building reports, LIM, lenders mortgage insurance, moving expenses and legal fees there are a bundle of hidden costs that only become visible when you begin the process. You may find that several thousand dollars of your budget is redirected to some of these ancillary costs.