Szabo & Associates News & Updates

The recent decision in Kai Ling v Rosengreen considered whether an option to purchase land had been successfully novated in favour of a substituted grantee.

According to a new survey from the Tenants’ Union of NSW and Marrickville Legal Centre, three-quarters of NSW renters have not reported a problem with their property to their respective landlord because they fear of being evicted on a ‘no grounds’ basis.

Over one million social and affordable homes are required by 2036 across Australia to address the increasing shortfall - 36,400 social housing properties and 14,800 affordable rental homes per year - according to a recent report by the UNSW City Futures Research Centre and Community Housing Industry Association (CHIA) NSW.

With 64 per cent of homes testing positive for drug residue in the past year, the State Government sets to consider mandatory screening on rental properties contaminated with methamphetamine. According to the Real Estate Institute of Australia, the move to test whether properties have been used as drug labs or have residue from meth use, would be a first for Australia.

House prices could fall by more than 40 per cent in the ‘worst crash since the 1890s depression’, a new report warns. Founder of LF Economics, Lindsay David, who has been warning of the looming property crash for half a decade, predicts a 15 to 20 per cent plummet in the upcoming year alone.