Forum Law has started the New Year with a steady stream of sales and purchase transactions, which have indicated to us that it’s still a seller’s market, as some of our prospective purchaser clients have missed out on being the successful purchasers on sales of properties mainly in the inner west. We had an increase in the number of sales of commercial properties towards the end of 2013, as well as increased volumes of commercial and retail leasing.
There are also new laws being introduced in respect of any swimming pools on the property. Any existing contracts for sale of a property, therefore, will have to be updated to ensure that the contract complies with the new laws of disclosure and compliance with these new requirements. Legal services related to conveyancing in the Inner West, therefore, continue to be relevant to facilitate smoother sales transactions.