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Around 90 changes to NSW's strata laws come into effect in July 2016.
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If the government does not participate in the controls and oversight of the profession then the potential for detriment exists.
"Sydney is the job destination for Australia and there is strong migration. This is why we are seeing low vacancy rates."
Strata law reform is essential due to the growing popularity of apartment living.
Advertisements and representations that say "offers over" or "offers above" or any similar statement are no longer allowed.
REINSW suggests the federal government promotes the new legislation and its ramifications through local foreign language newspapers and major overseas newspapers as the best way of ensuring the message gets out there.
The creation of a new property division at NSW Fair Trading will help lift standards, says REINSW.
We have seen significant growth in Sydney at the lower end of the scale which has in turn driven the median house price above $1 million.
Fair Trading’s persistence with the same old tired strategies do not serve the consumer or the property industry.
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