Peter Carter

13
Jun

Anatomy of a subdivision: Developer’s role reversal forces profit payment from lender

A seasoned civil works contractor keen to develop a major Lockyer Valley subdivision enlisted the support of an enthusiastic private lender.

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11
Jun

Court declares ‘mistake’, reverses buyer’s $330k property contract windfall

Standard real estate contract terms provide for the adjustment of rental prepayments as between buyer and seller on a pro rata basis to reduce

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9
Jun

Bad accountant? Tax advice wrong, offers own property for client investment

A court has ruled that an accountant who encouraged his client to buy his own vacant Broadbeach

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8
Jun

Insurers brawl over salvage value in fire sale of upmarket suits

A Brisbane retailer has won a $2 mil damages battle against the occupier of a nearby jewellery business whose burnt-out vacuum cleaner spread soot and smoke throughout the retailer’s premises.

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15
May

Court rules “purchase price exclusive of GST” ≠ buyer must pay GST in addition

A court has ruled that a land contract provision specifying “the Purchase Price is exclusive of GST” does not have the effect of obliging the purchaser to pay GST

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11
May

Agent forfeits deposit & “seizes” $20k comm; rapped for “self-interest” actions

A Sunnybank real estate office that paid commission to itself from a trust account deposit it had refused to refund to a buyer

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9
May

Appeal court upholds venture capitalist’s misleading & deceptive claim against handpicked IPO chairman

A finance industry chief has been held to have engaged in misleading or deceptive conduct when negotiating

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7
May

Loan book buyer statute barred in $4 mil mortgage debt recovery

Borrowers under a private $320k loan have successfully defended their mortgagee’s $4 mil recovery action claim by

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23
Apr

Luxury yacht cash buyer wins $1 mil defective paint job damages

A Hervey Bay property investor has sued a Sunshine Coast couple after the deck and fibreglass hull of the 20 m catamaran they sold

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22
Apr

Architectural input absent in Cairns dream home build, owners get $1.5 mil compo for shoddy work

A north Queensland couple who engaged an inexperienced builder to construct their $2.1 mil luxury home with views from the mountains to the Coral Sea

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