Cheap waterfront properties are listed for sale at Couran Cove near the Gold Coast, but the real estate ads leave out an important detail — they have no power or water.
abc.net.au/news/couran-cove-resort-ads-omit-water-and-power-disconnected/102446896Properties for sale at the embattled Couran Cove are not advertising the fact that there is no access to power and water at the resort.
Meanwhile, a privately-owned home situated on the opposite side of the island, not attached to the resort, is listed for sale for more than $1.5 million.'Silence can be misleading' "When you are marketing a property for sale, where it's an established property in particular, I think there's probably going to be an expectation that if it doesn't have running water and gas and electricity that's likely to need to be expressly stated or disclosed up-front,"she said.In some cases, silence or failing to disclose something could also constitute misleading and deceptive conduct under Australian Consumer Law, Ms Mercorella said.
"But certainly, there are certain material matters that need to be disclosed. And similarly, there are statutory requirements to disclose certain matters."Law experts said it was not misleading and deceptive conduct if an agent disclosed the characteristics of a property to a buyer prior to entering into a contract, despite it not being stated in the real estate ads.
Gold Coast real estate agent Critton Astras says he's operating at a loss to help residents sell their properties."I've got an email that I send to anybody that is interested in Couran Cove … the negatives and the positives," he said."If a one-bedder in Surfers is selling for $450,000 don't you think that a one-bedder that's waterfront should be selling for the same?" Mr Astras said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Critical minerals stocks are now worth more than goldThe value of major ASX-listed critical minerals stocks has surged to $86.2 billion from $8.6 billion in 10 years and are now more valuable than 25 companies comprising the gold index.
Read more »
New Gold CityGlider bus route and battery-powered ferry for BrisbaneThe service will travel from Northshore Hamilton to Woolloongabba via Bowen Hills and the new Waterfront Brisbane and Queen’s Wharf developments.
Read more »
New Gold CityGlider bus route and battery-powered ferry for BrisbaneThe Gold CityGlider, co-funded with the Queensland government, will travel from Northshore Hamilton to Woolloongabba via Bowen Hills and the new Waterfront Brisbane and Queen’s Wharf developments. Read more:
Read more »
Record $12b surplus as Qld rides property and coal boomBREAKING: The Queensland government has ridden a property and coal-price boom to an unprecedented $12 billion tax-driven budget surplus, avoiding adding too much more debt despite an ambitious infrastructure and cost-of-living spend.
Read more »
Record $12b surplus as Qld rides property and coal boomThe rivers of gold – also propped up by $1.7 billion more tax than expected from residents and business – are not tipped to last. Read more about the latest budget here:
Read more »
‘Lambo Guy’ Adrian Portelli snaps up Troy Candy’s waterfront home - realestate.com.auSocial media identity Troy ‘Candy’ Williams has sold his waterfront Gold Coast home to controversial The Block bidder and online entrepreneur Adrian ‘Lambo Guy’ Portelli.
Read more »