If I Could Say One Thing – Carolina Munoz
“It’s not to exchange a contract to buy a property without having your loan approval locked in.”
In the past few years, I’ve noticed that the banks are taking longer to approve loans and, on some occasions, not giving approval at all. Potential purchasers run the risk of being sued for breach of contract if they can’t get finance before settlement and suffer undue stress when finance is not finalised before a crucial deadline such as the expiry of the cooling-off period. At the very least, lock in your pre-approval so that you can go into the negotiations with certainty and peace of mind.
Are Your Contractors Really Contractors? Know the Rules
Businesses often hire people as independent contractors instead of employees. But getting this wrong can lead to serious consequences, including unfair dismissal claims, back payment of super and taxes and penalties for “sham contracting”. In 2024, Australia updated...
