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In terms of consequences, the developer can sue you for the deposit, and any costs they incur up until they sell the block to a new purchaser (for a lesser price, you are liable for the diference). In practice, and in the past developers will return the deposit in a lot of cases, and not...

interesting. I know builders used this ploy regularly up until July last year, that is, sign for a block, then nominate the eventual purchaser (who built on that block). In July builders and developers then became liable for another set of S/D, with a change to the regulations. But as far...

Hi terry, i thought if they nominate for the same price they might avoid the second set of stamp duty? I thought it was only where a developer/builder was involved, or where the first purchaser was making a profit?