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The Canberra Times

National

Brittney Levinson

'Really angry': Canberra home buyers blindsided as developer seeks to cancel contracts

Act Elesa Kurtz Canberra Times Canberra

Siblings Parese and Anthony Koutsoukos purchased an off-the-plan townhouse in 2020 but now the developer is attempting to cancel their contract. Picture: Elesa Kurtz

Two Canberra first home buyers fear they are priced out of the property market after the developer of their off-the-plan townhouse moved to cancel their sales contract.

Sister and brother Parese and Anthony Koutsoukos say they received notice from the developer, Canberra Future Property Pty Ltd, to cancel the contract for an off-the-plan townhouse in Moncrieff - more than two years after they signed it.

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