Iron Ore in the $US20s will mean more bankruptcies and insolvencies in Western Australia.
Our boom-bust economy will be in serious trouble.
Any creditors or debtors in need of advice should email me: rgraham@vogtgraham.com.au
"I think we’re going through a massive structural change in Perth at the moment"
Structural change in the real estate market is a "breeding ground" for disputes.
These include:
- Buyers deciding not to follow through at settlement
- Misleading representations being made about rezoning proposals
- Issues about what should happen to a deposit if the buyer does not settle on the contract
- Off-the-plan disputes, where an apartment at settlement does not match what was described by the developer when the contract was originally signed
I have acted for clients in all of these scenarios, and more, when it comes to disputes about real estate.
Email me if you want to discuss how I can help with your real estate dispute: rgraham@vogtgraham.com.au
See me if you need a loan repaid
I read this news article today: Perth leads nation for falling house prices in 2015.
In a downwards economy, formal avenues for credit tighten up.
People lose their jobs, but at the same time, see the price of their home and investment properties falling.
They often find it hard to make ends meet, but now cannot easily borrow against real estate to cover the shortfall.
Their next port of call becomes family and friends - and then what if you are that family or friend and you have loaned money (say, tens of thousands of dollars) and not been paid back?
Unfortunately, and sadly, you may need to take formal steps. This at least might put you ahead of other creditors.
I am very experienced in disputes of this kind. You should email me so we discuss your options.
"Figures compiled by CoreLogic-RP Data show that the proportion of WA properties selling at a loss has doubled over the past year"
Changes in the real estate market always lead to more law suits between buyers and sellers.
Falling and rising markets (we seem to be falling now) create: (a) incentives; (b) changes in circumstances, which mean contracts can often get terminated before settlement.
This leaves questions about:
who gets the deposit, and
whether to sue for the difference in price under the old contract and what the house will now get sold for under a new contract, with a new buyer.
Vogt Graham Lawyers has acted in many real estate disputes in the past.
Contact us if you would like to speak about how we can help.
New District Court decision about Inactive Cases List in the Magistrates Court
In my opinion her Honour misdirected herself by focusing exclusively on how she anticipated the appellant was likely to conduct the case in the future, rather than how the case could be conducted under the court's auspices.
Judge McCann at [78] in THORPE -v- SCHULZ [2015] WADC 149.
State faces $39 billion in debt
- "The biggest revenue shock a government, State or Federal, has experienced in Australia since the Great Depression in the 1930s": Mike Nahan, WA Treasurer.
- The changes this economy is experiencing will lead to more debtors to manage, insolvencies, bankruptcies and lawsuits.
- Contact me if you need representation or advice: rgraham@vogtgraham.com.au
