Forfeiture of deposit Vs re-sale damages: what to do?

Investors whose successfully recovered a $135k deposit as a result of a settlement “no-show” on the sale of their $1.35 million Isle of Capri home in September, have themselves been ordered to pay up more than $200k (more…)

Gold Coast agents in conjunction brawl amid PAMDA confusion

An exclusive listing agent who cancelled a written conjunction agreement just days after the other agent’s client signed up for the buy (more…)

Bleijie’s PAMDA action: will it be enough?

Attorney-General Jarrod Bleijie is delivering on his post-election promise – first made in May in response to a radio interview with Peter Carter – to slash PAMDA red tape that is suffocating Queensland’s real estate (more…)

Rogue salesman’s ghost sales cripple developer, sink city agencies

A seemingly gifted sales agent – motivated by a desire for fixed retainer remuneration rather than reliance on the ups and downs of sales commissions -  has brought a developer (more…)

Minister supports PAMDA slash but there’s no easy fix

Attorney-General Jarod Bleijie has promised to slash PAMDA red tape that is suffocating Queensland’s real estate and property development industries. (more…)

Broker’s finance race fails: Buyer breaches Port Douglas contract by not trying harder

In a scenario familiar to agents and law firms, a Cairns court ruled last month how hard buyers must push their bank loan applications to meet contract obligations to “take all reasonable steps” in getting finance approval (more…)

Court undoes $25 mil settled sale: Westpac and “greedy” seller bedazzled in audacious con?

More exotic than a Nigerian email scam - but equally extravagant - this story recounted over five days in Brisbane’s supreme court last month, is a magnificent tale of how a top-drawer seller and (more…)

Developer strikes out on rent-free claim after contract compliance catastrophe

A Mooloolaba developer who exploited PAMDA rules to crash a $2.3 million home buy as settlement date came due, has now been ordered to pay compensation to the harbour front sellers, as recompense (more…)

Oracle Broadbeach “what’s in a name” buyers lose appeal against must-settle ruling

The court of appeal this morning dismissed the appeals of fourteen off-the-plan buyers of luxury apartments in Broadbeach’s “iconic” Oracle complex. (more…)

State puts on the screw: pre-July agreements disqualified from home-buyer duty concessions

The reinstatement from 1 July of the principal place of residence stamp duty concession – abolished in last year’s state budget – will be strictly enforced (more…)

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