Unfinished apartments in a development deserted almost a year ago after their builder went bust are back on the market after receivers sold the project for a surprising price. Read the details
Kathleen Skene follow 2 min read April 2, 2025 - 7:00AM
Gold Coast Bulletin
Unfinished apartments in a Gold Coast development deserted almost a year ago are back on the market at up to twice their original sale price, after receivers bought the project for $30m.
Contracts for more than 60 apartments in the Waverley Residences at Southport were torn up in September last year, leaving “heartbroken” buyers without their long-awaited homes.
Receivers moved in on the development, whose builder Descon Qld went into administration in April last year, and the incomplete project sold in January for $30m.
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