Disgruntled property investors are taking legal action against one of the Gold Coast’s most prominent developers after their contracts for units in a Burleigh tower were terminated.
Andrew Potts follow @GCS_Pottsy 2 min read April 16, 2025 - 4:00PM
Gold Coast Bulletin
Disgruntled property investors are taking legal action against one of the Gold Coast’s most prominent developers after their contracts for units in a Burleigh tower were terminated.
The seven buyers all bought off the plan in Morris Property Group’s (MPG) Bondi Burleigh tower in 2023 and 2024.
However MPG invoked a form of sunset clause in the contracts late last year citing delays that would mean the tower itself won’t be completed until 2030.
The clause allows the developer to terminate contracts if the project would not be completed by a certain point – June 15, 2029.
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