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Off-the-plan buyers to walk away from deposits, agent predicts

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Australian Broker | 14 Dec 2015, 07:00 AM Agree 0
Home buyers may start abandoning their deposits on off-the-plan apartments following a myriad of concerns in the off-the-plan sector this year, a Sydney-based real estate agency has said
  • hmmm..... | 14 Dec 2015, 11:35 AM Agree 0
    Well done APRA. Single handedly pulling down the industry. Maybe it could all be sold off to overseas buyers instead of Australians... Surprise surprise.
  • Brett of Brisbane | 15 Dec 2015, 08:58 AM Agree 0
    Many homebuyers who are considering this may do well to remember that they have a contract, which is enforceable. It's not as simple as walking away. The vendor may be in a position to collect the shortfall on any subsequent sale from the homebuyer.
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