When purchasing off-the-plan property, consider catering to the rental market and take advantage of the option to customise to fit potential tenants’ needs.
It is the biggest change to the Residential Tenancies Act since it was implemented more than two decades ago. More than 130 reforms will strengthen renters’ rights.
In its first substantive decision on new protections for off-the-plan purchasers, the Supreme Court of NSW has provided valuable guidance on when, and on what terms, it will permit rescission of an off-the-plan contract where a sunset date has passed.