PHOTO: Minister for Finance, Services and Property Victor Dominello, said that in the rush to exchange contracts, there was often no time for a purchaser to consider the contract properly. Photo: Anthony Johnson
A string of Domain reports about unscrupulous property developers tearing up off-the-plan sales contracts, only to re-sell apartments for a higher price, has sparked a NSW government investigation.
Despite emergency legislation introduced to stop the so-called practice of “sunset clawbacks”, the government is still concerned the public are being ripped off – and has asked for feedback on a new discussion paper on the subject.
adsense
READ MORE VIA DOMAIN