The Short Stay Levy Act 2024 is set to take effect from 1 January 2025, following its Royal Assent on 29 October 2024. This new legislation introduces a 7.5% levy on short-term accommodation rentals of less than 28 consecutive days, impacting property owners, tenants, and booking platforms alike. Here’s what you need to know to stay compliant. […]
Understanding Settlement Day in Property Transactions Settlement day is a pivotal moment in any property transaction, marking the culmination of the buying or selling process. It is the day when the buyer officially receives the keys to their new home, and the seller receives the proceeds from the sale. This […]
Is A Residential Building Inspection Worth The Cost? Purchasing a home, especially one that may have existing damage or requires extensive renovations, poses significant risks to your investment. A residential building inspection serves as a crucial step in the home-buying process, providing potential buyers with essential insights into the property’s […]
Understanding Nature Strip Ownership: What Homeowners Need to Know The nature strip, often found between residential properties and the road, is a common feature in many neighborhoods. While homeowners may perceive this strip of land as part of their property, the reality is often more complex. Ownership of nature strips […]
How to Choose the Right Investment Property When embarking on the journey of property investment, it is crucial to have a clear understanding of what to look for in a potential investment. Regardless of the type of property or the specific goals you have in mind, there are three fundamental […]
Understanding Private Rentals Managing a residential investment property can be approached in two primary ways: hiring a professional property manager or opting for a do-it-yourself (DIY) approach, commonly referred to as a private rental. This choice significantly impacts how landlords handle their properties, from tenant selection to maintenance and legal […]