Sun to set on development loop hole

The NSW government has confirmed that changes to development sunset clauses will be enacted within a matter of weeks.

Off-the-plan apartment buyers are set to receive improved legal protections after the NSW government announced changes to legislation today.

Under the changes, set to be introduced in parliament in the coming weeks, developers will be required to justify any sunset clause termination of an off-the-plan sale.

Buyers with existing contracts, as well as new buyers, will be covered by the improved protections.

Read the full article on Smart Property Investment.