Category: Property Development

Developers and home buyers can breathe a little easier … but for how long?

The Andrews Government has pulled introducing its next new Victorian property tax to Parliament, on the back of a proposal which would have seen developers funding (in part) the government’s Big Housing Build (being its…

KKI property team manage $200+ million in property settlements

As most of us have tried to enjoy that break that we deserved so much more this year than any other we are overflowing with appreciation for the dedication of the KKI crew who put…

Is the dream of home ownership actually realised under the Homebuyer Fund?

The Victorian Government recently introduced a new Homebuyer Fund, being a $500 million shared equity scheme to address the housing affordability issue and assist Victorian’s to buy a home. Under the scheme, ‘eligible homebuyers’ will…

How much more taxing can our precious property industry withstand?

“I have never been one to increase a tax simply for the thrill of it”. These are the words of Tim Pallas. Yet, I recently felt intrigued to spend some time analysing the new property…

Should you be using a developer entity?

We are often asked by our developer clients about the benefits of interposing a developer entity between a land owning entity and purchasers in a development. There are many benefits of using a developer entity…

Construction site compliance blitz

A recent State Government announcement revealed that due to recently observed COVID-19 impacts on the construction industry, the Industry Enforcement and Engagement Operation and Building Authority and Worksafe bodies will be conducting a 4-week long…

Thinking of nominating … be careful not to trigger additional stamp duty

The State Revenue Office of Victoria (SRO) has released a new revenue ruling (DA-064), which attempts to clarify the meaning of ‘land development’ in the context of developers nominating their ultimate purchasing entity and the…

Vendors and developers – Beware of Cooling Off risk

Many Vendors, including Developers, agree to accept payment of Deposit monies days or weeks after a Contract has been signed. So can a Vendor recover monies from a Purchaser who has ‘cooled off’ before the…

Is the office really dead?

So much has been written lately about the ‘new normal’ working environment in response to 5 lockdowns and months of working from home. The Age on Saturday July 17 published a well-researched piece with a…

Developers and property investors can’t catch a break

The Victorian government’s handing down of the 2021 budget has suggested that those who have profited from the COVID-19 pandemic will be punished, with Victorian Treasurer, Mr Tim Pallas, stating that the 2021 budget will…

Property Developers look out – Owners Corporation changes are coming

Shopping for an Owners Corporation Manager is the easy part. It is the juggling act of maintaining your vision as a Developer whilst continuing to act in the best interests of the Owners Corporation that…

2020 Vision and Returning to Offices

After nearly a year of working from home, returning 50% (and now 75%) of staff to offices is confusing. Do we want to go back to our offices? Do we work better at home? Do…