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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.
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
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
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.
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
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
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
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
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
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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