Latest / Aussie Real Estate Podcast
Can You Protect an Off-the-Plan Property Deposit? The Bathla Warning
We talk with Chris Baskerville, a Managing Partner from Jirsch Sutherland in Brisbane. Developer insolvency can leave off-the-plan buyers exposed, particularly when construction stops and unfinished properties have little commercial value. While deposits are typically intended to remain protected until settlement, the Bathla collapse revealed contracts where funds could be released early to finance projects. Buyers need to understand exactly where their deposit sits and what protections apply before signing.
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