Tennyson Reach Contract Cancelled Due to Flood

Mirvac lost a legal battle in the Queensland Court of Appeal this week, in relation to an apartment at Tennyson Reach that flooded in January. Mirvac had two senior counsel to argue this appeal - it flew up Alan Myers QC from Melbourne and also used a local Senior Counsel -- both very expensive barristers. But that did not assist. The buyer was allowed out of the contract. See Judgment and The Australian.