Author Archives for Damien McDonnell

A home for $130,000? Australia’s cheapest suburbs revealed

1/8/2024
Written by

Property prices are sitting at record highs in many parts of the country, however there remains an abundance of affordable suburbs and towns where buyers can secure an inexpensive home or unit. PropTrack economist Anne Flaherty says high interest rates in conjunction with continually rising property prices were pushing people to seek out these more economically viable regions. Related videos The Aussie suburbs offering incredible value “Rental vacancy rates are at record lows and people are forking out a lot for...


Statutory Declarations Act 1959 Update

1/8/2024
Written by

Statutory Declarations Act 1959 Update allows Electronic signature with video witnessing, or via myGov platform. From 1 January 2024, the Statutory Declarations Act 1959 (the Act) will change so as to provide three ways to make a Commonwealth statutory declarations: • conventional paper-based execution involving wet-ink signatures and in-person witnessing • electronic execution by applying electronic signatures, with witnessing conducted by video link (for example, over zoom or skype) • digital execution using the myGov platform that authenticates the declarant’s...


Regional WA property hotspots outperforming Perth’s red-hot market

12/8/2023
Written by

Property investors looking to diversify their property portfolio in a region delivering high rates of capital growth could turn their gaze towards Western Australia’s high-performing regional centres. Perth is regarded as the golden child of Australian capitals for property investors at the moment, but Bunbury in the southwest of WA is outperforming the more widely regarded state capital. (Image source: Shutterstock.com) Property investors around Australia have converged on the Perth property market in the latter half of 2023 but some...


Breaking News: RTA reforms introduced to Parliament

11/29/2023
Written by

Hi Damien The Cook Government introduced a Bill to Parliament this afternoon regarding the planned reforms to the Residential Tenancies Act announced in May. I would like to make it clear that this is an Amendment Bill and the changes are what we have expected and previously communicated. There are many details, such as those regarding modifications, that still have to be prescribed by Regulations and we continue to engage with the Government on these matters. In general, the Bill covers: Banning rent bidding...


New definition of financial year for strata companies

10/24/2023
Written by

As part of the strata reforms that commenced on 1 May 2020 a new definition of financial year for a strata company was inserted in section 3 of the Strata Titles Act 1985 as follows: Financial year for a strata company means – (a) If the scheme by-laws are silent on the matter, the period of 12 months ending on 30 June; or (b) If the scheme by-laws specify a period of 12 months ending on a different date as...