Valuers rule: $100k Mackay re-sale loss cut to $50k in damages award

The re-sale of a Mackay home at a $100k loss after the first buyer failed to settle, has resulted in a far lower (more…)

Resort Corp project collapse, investor seeks way to funds recovery

A Brisbane based mezzanine finance group has claimed in the Supreme Court that it made a $1.6 million property investment (more…)

CAN bank merciless on recovery, no patience for inventive borrower

A bank customer has tendered a one dollar “bill of exchange” redeemable at a Mullumbimby café (more…)

Pre GFC Hilton investor cops $278k re-sale compo

Overseas investors who contracted in May 2008 to purchase a luxury off-the-plan Gold Coast condominium, but failed to (more…)

Unrepayable $1.2 mil loan to “fast-fading” immigrants ok

In April 2007 Steve and Iris Karamihos re-financed their Maroubra home with a $1.2 million loan through (more…)

Collingwood Park sink hole valuation slump claims wiped out

The compensation claims of 18 homeowners in Collingwood Park west of Brisbane arising out of the collapse (more…)

Solicitor borrower raises penalty defence in bid to hold out bank

Most mortgages contain a clause requiring immediate payment of all “moneys owing” should any default (more…)

“Asset lending” unconscionable, borrower seeks re-opening of loan

Mark Pearson made urgent application for a “stay” to prevent Pioneer Mortgages executing (more…)

Contract confusion: buyer wins damages for unit value increase as buoyant market takes hold

Confusion resulting from multiple handwritten amendments to an off-the-plan condominium contract signed up for in May (more…)

St Lucia sellers recover $2 million re-sale loss; to negotiate is not to “abandon”

David and Judith Tynan contracted to sell their 29 Lawrence St, St Lucia home in October 2010 for $7 million with settlement (more…)

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