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I doubt it. Your friend is owed money by you so he could sue you, but he wouldn't have any interest in the property. He is a third party. Wouldn't the vendor have returned your deposit anyway? If your friend does lodge a caveat then he would be up for the potentially substantial costs of the...

When you enter into a contract for an off the plan property there is often a clause which allows either party to pull out if construction is not complete by a certain date. It can work both ways - the purchaser can pull out if the construction is too slow (and the value has gone down) or the...

You should not lodge a caveat by yourself as if you do lodge one and do not have an adequate interest then you could find yourself in the Supreme Court and could be up for the costs of the other party.

Off the plan contracts often have clauses prohibiting the lodgement of caveats - though you still could possibly lodge one as you have (or had) a caveatable interest. But if the contract has been rescinded then your interest may lapse. You had better speak to a lawyer.