Bill to protect off-the-plan buyers in Canberra


The ACT will consider changing the law to stop developers cancelling contracts for off the plan purchases, and re-selling the properties for a profit.

There have been multiple reports of Canberrans having their contracts cancelled, only to see the property re-sold for much higher than the original purchase price

One purchaser has told the Canberra times he’s now ineligible for Government grants that were available, before his contract was cancelled.