Tag Archive: compulsory acquisition

Ringed buyers offered exit option

Posted on September 15, 2013 by | 0 Comments
People who bought property off the plan in a Parkville apartment building that is destined to be ringed by east-west link ramps have been given three choices by the Napthine government – sell now, sell within 90 days, or keep the property. Those who sell to the government will have their property valued by the state at an amount that assumes the east-west link had never been announced, then repaid their deposit, plus any capital...

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