Buyers in a major unit development fear their contracts are about to be torn up, forced to live in caravans as near-finished apartments sit idle and told they need to stump up more cash.
Kathleen Skene follow 5 min read July 4, 2025 - 5:00AM
The Australian Business Network
Buyers in a 64-unit development fear their contracts are about to be cancelled, with the site of their nearly-finished apartments sitting near idle for almost six months and sunset clause dates looming.
Some say they’ve lost hundreds of thousands of dollars in capital gains and rent, with one couple living for five months in a caravan while waiting for their apartment to settle.
Meanwhile, the developers maintain the delays are beyond their control.
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