Legislative Changes for “Off the Plan” Purchases and What They Mean for You
Introduction The Queensland Government has undertaken substantial reform of the law regarding “off the plan” property, which came into effect on the 1 December 2014. The government’s objective in making these reforms has been to streamline the law and reduce red tape in this area while maintaining consumer protections. Regardless of whether or not the reform achieves these objectives both Buyers and Sellers will have to be extra careful to ensure their interests are protected. ‘Lot’ or ‘Allotment’? There is now no difference...
