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top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

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1/10
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top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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NT drafts new property laws

By Staff Reporter
03 November 2009 | 1 minute read

The Northern Territory has unveiled new property laws that will make the sale of property more transparent and expedient.

Under the proposed legislation, a person selling land or property must provide a contract of sale and disclose relevant documents and information when land or property is offered for sale.

“This proposed bill will ensure that buyers have relevant information as soon as a property is placed on the market,” minister for justice and attorney general Delia Lawrie said.

“The intent of the bill is to ensure prospective buyers of property have access to the same information as the vendor.

“That means that a buyer can make an informed assessment and enter into a contract to buy sooner and will reduce the likelihood of the practise, known as gazumping.

“If a vendor doesn’t disclose the appropriate information could face prosecution and a fine of up to $13,000.”

NT drafts new property laws
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Listen to other installment of the Real Estate Business Podcast
top 10 agents

Alexander Phillips

Top 1

Year of Experience: 21

Support Staff: 3

Residential Property Listings Secured: 241

Total Value of Residential Properties Sold: $ 706,737,500

VIEW COMPLETE REPORT
1/10
Do you have an industry update?

top suburbs

12 month growth
Manyana
70.61%
Tamarama
70.55%
Box Hill
64.95%
Goodwood
64.38%
Bawley Point
63.64%
Lennox Head
62.11%
Casuarina
62.08%
Queenstown
61.31%
Warana
60%
Cooroibah
59.43%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.