Once you give an investor a rental return amount quite early on in the development and purchase phase, they are expecting that return upon completion and settlement and this poses an issue.
Other litigants in Gold Coast off-the-plan contract disputes have been able to convince a court that misrepresentations have occurred in sales but have failed when it came to proving ‘reliance’ — that the agent’s statements alone were the clincher in securing their decision as to whether or not...