Archive for the ‘Contracts’ Category

Off the plan, and out of pocket!

THE property market is booming, and dodgy developers are having a field day. First home buyers are having their lives snatched out from under them. As with any gold rush, opportunism and unscrupulous behaviour are rife. Experts have warned of a growing number of developers cynically exploiting exit clauses to cancel off-the-plan contracts in a bid to resell properties at higher prices, leaving many first home buyers unable to buy back into the rising market with their original deposit. For first home buyers in Sydney, where the median house price has increased by around 14 per cent over the past 12 months alone,... View article »
Posted in Contracts, Investment on 31st October, 2015