Conveyancing (Sale of Land) Amendment Regulation 2019 (NSW)

The object of this Regulation is to make further provision in relation to off the plan contracts for the sale of residential land as a consequence of the amendments made by the Conveyancing Legislation Amendment Act 2018 (NSW).

The Regulation also makes minor amendments of a law revision nature consequent on the Environmental Planning and Assessment Amendment Act 2017.

This Regulation is made under the Conveyancing Act 1919, including sections 52A, 66X, 66ZL (1) (the definition of material particular), 66ZM (2) and 202 (the general regulation-making power) and clause 1(1) of Schedule 9.

Discuss the impact of this change on the development trend of the real estate market?