We get asked about holding deposits by first home buyers who have just left a Melbourne open inspection and been told a small payment will ‘hold’ the property. It feels urgent, and it can be hard to tell the difference between a normal sales step and ... Read More
Section 9AA protects the deposit, not the whole project. It stops a buyer's deposit being treated like the developer's working capital before the new title exists.That matters because off the plan buyers sign early. You mi... Read More
This is a worry often from first home buyers who signed an off the plan apartment contract years ago, then receive a formal notice saying the developer wants to rescind. The first question is usually simple: ‘Do I get my deposit back?’... Read More
We get asked this almost every week by first home buyers looking at newer townhouses and apartments around Melbourne. The worry is simple: before you sign, how do you know the builder behind the property was properly registered, insured and accountable?... Read More