Westwood Conveyancing

Hi Everyone,

Welcome to the April issue of our newsletter.

At its meeting today, the Reserve Bank of Australia decided to once again leave the cash rate unchanged at 2.5%.

In this issue read about the housing construction boom that is predicted, how a cash buffer is important when investing in property especially if unexpected things happen and we explain how to sell a property when a tenant is in possession. In addition, we explain why investors eyes are being drawn to Brisbane and see the rules for swimming pools.

Since the last article on swimming pools was published, an announcement has been made that the provisions that require a property with a swimming pool to have a certificate of compliance before it can be sold or leased will now commence on 29 April 2015 which is 12 months later than previously indicated. This has come about as a number of industry stakeholders have raised legitimate concerns about the state of readiness of councils, accredited certifiers and owners of swimming pools for the changes. There has been a high inspection failure rate for pools, with the consequences that "it is not uncommon for it to take 3 months from the first inspection to the issuing of a compliance certificate".

Please feel free to contact us about any matter - we are always happy to hear from you and to assist!

We hope you have an enjoyable time over the coming Easter break.

Kind regards,

Donna Westwood

Donna Westwood
Licensed Conveyancer, JP
(Licence No. 1555562)

Tel: (02) 9940 4006 | Fax: (02) 9940 3398 | Mob: 0429 912 649
35 Rosamond Street, Hornsby NSW 2077
Westwood Conveyancing | ABN: 68 155 594 602
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DISCLAIMER The information contained in this newsletter is general information only and is based on our interpretation of various topics. It has not been prepared taking into account your specific situation, objectives or needs. You should consider how the information is in anyway appropriate to your own situation before making any decision. You should also seek independent advice from the appropriate professional to assist you with any decision.