In a rising property market, some developers no doubt look for an opportunity to escape pre-sale contracts to escalate t...
“Non-refundable” deposit ≠instalment contract: buyer drops $365k deposit
A buyer who failed to settle the purchase of what was claimed to be an instalment contract has lost its bid to recover a...
Maroochy buyer hit for repudiation, sellers keep $1m deposit
In what circumstances can a buyer terminate a contract by reason of an important third-party covenant not having been si...
Court ticks contract termination due display suite discrepancies; inadequate disclaimers
An off the plan luxury unit buyer has persuaded a court to uphold the terminate the contract by reason of wholly inadequ...
Honest developer let out of land presales as council gets stingy on offset allowances
What measures are permissible for a developer to escape unit or land presales in a rising market or where the cost to co...
Buyer a no-show at PEXA workspace; seller terminates and sues
Margaret and Andy Culjaks’ $1.55 million December 2020 sale of their residence was due to settle on 22 February after ne...
Agent fails to notify buyer contract ended due late deposit; buyer forces sale on
An agent’s failure to action a seller’s notification of termination of a $1.5 mil sale upon a deposit default has led to...
Developer alleges bank conspired with funds giant KKR to crash $42 mil deal
Just how was a private equity buyer to comply with a “best endeavours” obligation to secure a loan approval ...
Misleading artist’s impression: court cancels $10 mil luxury unit deal
The off-the-plan buyers of a luxury inner city high rise have convinced a court to void their $9.58 mil buy on the groun...