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Episode 195 | How safe is my deposit in an off the plan contract?

We are off the plan gurus and we love all things property. This is a common question our buyers ask and one we can always answer for them...how safe is my deposit? In this episode we dispel some of the myths concerning what happens to your deposit whilst under an off the plan contract, particularly relevant in the current market. Can a developer get their hands on the deposit early before you settle? There is a current loophole in the Qld legislation concerning deposits in off the plan contracts, where deposits can in fact be released early to a developer, it will depend on the terms of that off the plan contract, that should always be checked before you sign. There are a myriad of reasons why you should always, always get an off the plan contract reviewed, and proper legal advice given, by a lawyer who actually practices in this area on a constant and regular basis. Not all property lawyers do understand how an off the plan contract works. Come and see us with any questions you have for your off the plan contract.

https://www.youtube.com/watch?v=k3zjt1Fu4zA


Despina firmly believes that being in the privileged position of a solicitor that she gives back to the community when she can. This has been transcended into her weekly radio show 'Talking Law' that is broadcast on the Gold Coast each Thursday on 104.1FM Gold Coast/Tweed & 103.5FM Northern Rivers and has been going strong now since 2020. Despina talks about various hot topics at local, state and federal level, and answers the questions that ordinary Australians want to hear. And the best part, it is free. Despina is not paid for her time on air and she enjoys the fact she can give back to the community in this manner. Knowledge is power and her radio show is very much about empowering the ordinary Australian with information that they should be aware of to help them in every day life. Despina has a very big following on air and online with a facebook community page for the radio station and is always happy to talk with listeners off air.

All episodes of Talking Law with Despina are uploaded on the Priala Legal website and onto our YouTube channel here: https://www.youtube.com/channel/UCWmG7z-wIbsHY9KhFfrrWwQ in case you missed it live. We are now up to 255 episodes!!!

You can also join the Facebook community page for Radio 97 and join the community where questions are posed, and our on air segments are posted for all to view again after the on air segment. Just search 'Breakfast Radio 97' on Facebook and ask to join. It's free!

Catch us live on Radio 97 every Thursday morning at 8:30am (7.30am during Daylight Saving from October to March) on 104.1FM Gold Coast & 103.5FM Northern Rivers. Part of the Australia wide Super Radio Network across the country. language

If you have any question you would like answered please contact us and we will do our best to answer them for you.

DISCLAIMER: The information discussed within the Talking Law videos is general in nature only and is not intended to be comprehensive, nor does it constitute legal or other advice in anyway, and should not be relied upon as such. The information is intended only to provide a summary and general overview on matters of interest and it is not intended to be comprehensive. You should seek legal or other professional advice before acting or relying on any of the content herein.


Despina Priala

Posted By Despina Priala
Despina Priala has practised in property and commercial law on the Gold Coast for over 25 years and has extensive experience in this area.

Updated : 15th February 2023 | Words : 187 | Views : 102

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