‘Sunset clawback’ court case on Short Lane Apartments in Surry Hills ends in confidential cash payment | Owners Corporation Network

‘Sunset clawback’ court case on Short Lane Apartments in Surry Hills ends in confidential cash payment

A landmark court case under new “sunset clawback” laws designed to prevent new apartment developers unfairly tearing up sales contracts so they can make more money on delayed property sales has ended in a financial settlement. The NSW Supreme Court case finished on Tuesday, only a day and a half into its scheduled five days, with the 11 buyers of off-the-plan units at a Surry Hills block understood to have been offered a confidential cash sum in addition to the refund of their deposits.
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