Each party in a separation is entitled to an equitable share of assets following a separation. As well as houses, the property considered could include cash, jewellery, vehicles, shares, superannuation, business interests, family trusts, and more.
To determine what an equitable share looks like, the court looks at the total value of all assets being considered as well as the financial and non-financial contributions each party made to the relationship. Future needs and other practical factors are also considered.
If you choose to settle property matters through Consent Orders, you must consider all these factors in order to create an agreement that the court considers fair and equitable. Only then will your Consent Orders be seen as legally binding.