The Lot - December 2023


As we bid farewell to 2023, the dynamic landscape of the property sector continues to evolve, showcasing unabated activity. In this edition, we present you with the latest and most relevant legal updates in property development in Victoria and New South Wales.

Starting off with latest on Victoria's property tax landscape with our Tax experts, who examine the key amendments relevant to developers, with the next change set to take effect on 1 January 2024. Are you prepared?

The unveiling of Victoria's Housing Statement marks a significant milestone, strategically designed to enhance housing supply and affordability. In an insightful overview, Maddocks Planning Partner, Terry Montebello, delves into the housing reforms, shedding light on both challenges and opportunities that are poised to reshape the future of property development in Victoria.

For our clients operating in NSW, a critical exploration of your rights to access neighbouring property is presented by Property Partner Bronwyn Badcock and Special Counsel Alex Foo. Navigating the statutory avenues becomes imperative when negotiations cease to be 'neighbourly,' and our experts guide you through the process.

The echoes of the early November reforms in unfair contract terms still resonate. Since their implementation, Maddocks has been at the forefront, aiding property developers in reviewing contracts for compliance. Viviane Karoumbalis outlines the key changes under this new regime and provides actionable steps to safeguard the interests of developers.

And finally, we delve into a recent case illustrating a developer's ongoing obligations to disclose information to purchasers. It serves as a critical reminder of the importance of transparency in the ever-evolving world of property development.

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