Category: Nicola Ellis

Sunset Clauses – Can a developer back out of a contract?
In a time of rising construction costs, plummeting home building activity and increasing demand, the Housing Availability and Affordability (Planning and Other Legislation Amendment) Act 2024 was passed through Parliament in April 2024, amending the Planning Act 2016 to hopefully streamline and facilitate affordable residential development throughout the state.
“The new Body Corporate and Community Management and Other Legislation Amendment Bill 2023, introduced in recent weeks by Queensland Attorney-General Yvette D’Ath, has got plenty of prospective property developers more than a little excited.”
Currently, a driver caught by the cameras breaching seatbelt or mobile phone laws will receive a $1,078 fine and four demerit points. But double demerit points apply for a second or subsequent mobile phone offence, committed within 1 year of the earlier offence.
As anyone can tell you, the property market is going absolutely gangbusters right now. So much so that a bidder at an auction in Sydney’s south last Saturday accidently bid against herself just as she was about to be declared the new owner of the property for sale at the hotly-contested auction. The final price was $1.62 million, with her previous bid being $1.619 million. The underbidder’s last offer was $1.618 million.