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.