Sunset Clause: The Hidden Time Bomb
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Today we take a look at a headline that caught our attention back in 2022.\\xa0\\xa0
\\nA Queensland couple lost their home after the developer invoked the sunset clause \\u2013 abruptly ending their contract.\\xa0
\\nWhat in the world happened and what can YOU learn?\\xa0
\\nWe talk about sunset clauses \\u2013 what they\\u2019re used for, why it\\u2019s unfair for first home buyers, how developers use them to their advantage, and more!
\\nIf you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you\\u2019d like to chat, email us at support@homebuyeracademy.com.au!
\\nWe\\u2019ll see you on the inside!\\xa0
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\\nEpisode Highlights:\\xa0
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- What are Sunset Clauses? [02:57] \\n
- The unfairness of developer contracts [08:22] \\n
- How sunset clauses protect developers and misguide home buyers [10:54] \\n
- When construction delays are considered \\u2018illegal\\u2019 [14:44] \\n
- The lesson with sunset clauses [18:20] \\n
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\\nLinks from the show:\\xa0
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- Queensland couple \\u2018shocked\\u2019 by loss of dream home \\n
- Ep 62: Should First Home Buyers Buy Off the Plan? \\n
- Ep 23: Questions You Must Ask Your Conveyancer with Jennie Tonner \\n
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\\nIf you enjoyed today\\u2019s podcast, don\\u2019t forget to subscribe, rate, and share the show! There\\u2019s more to come, so we hope to have you along with us on this journey!
See omnystudio.com/listener for privacy information.
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