In a high-stakes decision by the Supreme Court of New South Wales, vendors were awarded $5.2 million after a purchaser failed to complete a contract for a luxury Vaucluse residence. This article dives into the technical breakdown of how damages are calculated, from the $5.888 million deficiency on resale to 10% contractual interest and the "rounding" principles applied by the court.

Can a simple caveat cost you a house? In the recent NSW Supreme Court case of Lee v Lee [2022] NSWSC 181, the answer was a resounding "yes". Discover how an "essential" no-caveat clause turned a standard property purchase into a legal nightmare, and why a vendor who isn't ready to settle can still legally walk away if you breach the wrong term.

Purchasing a home marks one of the biggest decisions in life and is often seen as a dream coming true. If you're in NSW and looking to step into the world of real estate, you’re in for an exciting ride! From signing the contract to that thrilling moment of settlement, the journey can feel overwhelming. But don’t worry, our team at Surge Legal is here to guide you every step of the way.

This article delves deep into Pest and Building Reports, which are invaluable tools, shining a light on structural issues and pest problems.

Strata schemes offer an enticing community-focused lifestyle that's as engaging as it's convenient. But it's not all sunshine and...

We dive into the difference between Section 10.7(2) and 10.7(5) certificates and discuss real-world implications when buying property.

This article explores some reasons why you might want to consider rescinding a contract during the cooling-off period expires.

As you may be aware, Section 79 (for married couples) and Section 90SM (for de facto relationships) of the Family Law Act 1975 (The Act)...