An alarming number of children present to The Children’s Hospital at Westmead each year as a result of falling from windows and Balcony. Children may fall out of a window which is open more than 10cm, even if a fly screen is present.
How common are these injuries?
Over the past 10 years there have been 91 children admitted to the Children’s Hospital at Westmead after falling from windows. Almost all of … Read the full post »
Granny flats are becoming increasingly popular in NSW with high cost rents forcing more and more adult children to remain at home.
Applications to NSW councils for new granny flats increased to 1521 in 2009/10 compared to 1365 in 2008/09.
The figures, released by NSW Planning’s Local Development Performance Monitoring Report, show a growing trend across the State.
Climbing rents, particularly in Sydney, are forcing adult children to stay longer in the family … Read the full post »
For a number of years, the Real Estate Institute of NSW has been lobbying the NSW Government to extend the principal place of residence stamp duty exemption to ‘seniors’ between 55 and 65 years of age. Currently, the exemption is only available to persons who are 65 years of age or older.
REINSW’s Retirement Assistance Purchase Plan (RAPP) seeks an exemption from stamp duty for empty nesters wishing to relocate to … Read the full post »
You will recall that on 1 July 2010 the former NSW Labor Government introduced the Torrens Assurance Levy, which is an ad valorem tax payable on the registration of a transfer of NSW property where the purchase price is more than $500,000. The greater the purchase price, the higher the levy payable. By way of example, the tax amounts to $204 on a property with a price of $600,000, and … Read the full post »
Sydney suburbs are dominating when it comes to rental returns, new research has revealed.
According to RP Data, Sydney regions accounted for 23 of the 35 best performing capital city rental markets over the past 12 months.
Woollahra in Sydney’s highly coveted Eastern Suburbs topped the list recording a 22.2 per cent increase in the median advertised rental price for houses from $900 in March 2010 to $1,100 in March 2011.
Burwood houses … Read the full post »