Are you planning to or have you already purchased a “House & Land Package” and are concerned about project delays that might lead the developer to use the sunset clause to terminate the off-the-plan contract and resell the property at a higher price due to land appreciation?
Please be aware that as of 22 November 2023, Queensland law requires that if developers wish to terminate a contract using a sunset clause, they must first obtain the buyer’s consent or seek approval from the Supreme Court.
If you have any questions, please feel free to contact Stephen Kwok at 0402 937 286.
