GFC

22
Feb

Flour Mill Developer Caught By Plummeting High-Rise Values

A developer who defaulted on the purchase of a $25m condominium project at the historic Albion Flour Mill site has been ordered to pay the vendor millions in compensation for the collapsed deal. Fridcorp Group – operated by developers Paul Fridman and Chris Roche – signed up to buy the 12 lot FKP site in July 2015. The company’s $400m

Read more

7
Jun

Directors sued over lease guarantee to prior landlord 20 yrs on

The former directors of a food-service business who sold down their shares to a new operator have been sued for the buyer’s rent arrears under a personal guarantee they signed 20 years earlier in favour of the property’s former owner. Anthony Rich acquired the Rocklea warehouse from West Pacific Properties in July 1998. Just two weeks earlier the vendors had granted a

Read more

5
Jun

Developer must pay: option marketer wins $5.5mil for pushing units

An agency appointed for the exclusive marketing of a suburban high-rise into its predominantly Chinese clientele has received an average 14% commission on the sales. The May 2012 terms allowed the developer to compel Property Investors Alliance to buy all 16 one-bedroom units within 30 days of registration of the community title plan at a total base price of $7.2

Read more

4
Jun

Gold Coast agency to reimburse buyer $1.6mil for “rent return” error

Ray White Commercial has been ordered to pay a Queensland investor the deficiency in value of a commercial property resulting from an ambiguity in its Information Memorandum. The agency’s David Djurovitch sent the IM to investor Brian Makings in August 2009 and shortly after contacted him to advise the retail centre at Robina had been passed in at auction at $6.7

Read more

22
Mar

Hairdresser loses home over rent-to-buy tenancy deal

Gold Coast hair salon owner Michelle Glynn has been forced to sell her Varsity Lakes home following

21
Mar

Qld buyers pay $320k for Detroit homes, lose the lot

A local couple has failed in their bid to have the Property Agents Fidelity Fund reimburse them

19
Feb

Going south: House & boat in Cape Tribulation resort swap

A $4 million deal for the sale of a Cape Tribulation resort was as exotic as its location is spectacular. An 8 acre oasis in the World Heritage listed

22
Aug

Bank loan fine print scuttles Double D aspirations

Although there has been a substantial recovery in Gold Coast property from the depths of the GFC, 

16
Jun

Contagious optimism proves fatal for visiting off-the-plan apartment punters

It’s no doubt unsettling for Brisbane off-the-plan apartment buyers – facing their own “perfect

24
May

Solicitor sued on vendor finance deal 10 yrs past

Should a law firm that allegedly failed to advise its client about the risks of providing vendor

Get in touch